Ok we went down hard but luckily came back before the close. Silver started to dip so I sold out for a $17 loss. NOW is the time to buy FLS. I placed a buy limit order after the bell for a July $120 call. Take a look at the chart below.
Well folks that is a clear bounce that happened today. Don't get me wrong, I don't expect FLS to reach $120 by July BUT I do think this bounce will be good for a 5 to 6 dollar move. With a Delta of .16 and a Gamma of .16 a $5 move in FLS theoretically could yeild $240 in profit, 200% return on investment.
I saw some guy on Fast Money today saying he's bearish on Gold. While he's one of the few I do think were approaching extreme highs and may see a pullback soon. I have no trade to offer on this I just wanted to express my opinion.
I also like AMZN at these levels (If I could ever afford the option premiums)


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