NEM is a good, safe dividend and gold stock with liquid and deep options trading depth and liquidity. While the one week trade offers amazing potential, it also could be a loser.
UPDATE. NEM $48.02. Sold NEM 3.24.23 $52 strike calls for $0.16. ARoR over 7 days est. 17%. Potential gain if called about 6.12%. My notes during trade: I'm getting a nice ARoR on a low 10% probability that NEM will be called next week. NEM up 4.36%; was up almost 5%. I have order to sell NEM 3.24.23 (7 days) $52 strike (delta .10, OTM 90.7%) calls for $0.17, ARoR about 16%. bid .13, ask $0.17. I may take the mid point. $0.15. I lowered bid to .16. Now .14 b .16 ask. I'm only offering at .16. NEM at $47.95. Should fill at $48.12, give or take.
UPDATE. NEM $48.02. Sold NEM 3.24.23 $52 strike calls for $0.16. ARoR over 7 days est. 17%. Potential gain if called about 6.12%. My notes during trade: I'm getting a nice ARoR on a low 10% probability that NEM will be called next week. NEM up 4.36%; was up almost 5%. I have order to sell NEM 3.24.23 (7 days) $52 strike (delta .10, OTM 90.7%) calls for $0.17, ARoR about 16%. bid .13, ask $0.17. I may take the mid point. $0.15. I lowered bid to .16. Now .14 b .16 ask. I'm only offering at .16. NEM at $47.95. Should fill at $48.12, give or take.