Last Wed I posted about my RGLD option trade.(https://goldtadise.com/?p=543793) Despite the stock being unchanged coming into today, it has sold off sharply this morning, providing the opportunity I was looking for to put on the second part of the trade. Today is the time to put on the August call. I will use the Aug 120, although the Aug 115 provides more safety for a bit more premium. Since my original position is the July 115 call, I don’t need to reach my ultimate target of 130, just be above 115 by the 15th of this month. This second position of the Aug. 120 gives me another month beyond that. Obviously, if the metals keep falling RGLD won’t be going higher and the trade will be a bust. I have six weeks for it to play out.