GDX is gapping up into yet another parabolic pattern. It’s above its 2nd standard deviation bollinger band.
I know this can last longer than I think and I’m probably early, so a good bet is to scale in and out of ITM put buys aggressively.
So the contract I’ll work with is the Jun 30 puts. Buy some here, buy more at 27, buy more at 30. And as the sector pulls back, scale out accordingly. Ideally I can build out a core position looking for a pull back into the low 20’s