To The Moon

$SBSW 20260116 11.0 CALL$ I had shared this just week and again over the weekend. $Sibanye(SBSW)$ is not something that would ring a bell to most people. I had also shared it previously. I guess it has not caught on. After all, with most audiences in Singapore, Australia, New Zealand and Hong Kong China are activated by AI, Tesla, Donald Trump, quantum computing and cryptocurrencies for so long, who can blame them? 

Lately, it took nearly a yearlong rally in precious metals group led by silver to get the audience to start paying attention to it. Participants are slowly moving in. Those who arrived earlier in the year are probably patting themselves for being an early mover. Yes and no, but at least you have earned a front row seat. Gee... old-timers like me just sit far away from the stage, comfortably in a circle seat.

I have digested, yet again. I don't expect audiences, just another quiet moment for myself, writing to myself, keeping track of my ideas. What I have presented below is the principle miner in a cup and handle pattern. The target price is around $20.6 from memory.

Another chart is on palladium. It is another cup and handle pattern. The target price is close to $2300. A $750+ move from today's price. Lofty expectation? Maybe? Achievable? Definitely. 

What I have here is a repositioning. Yes, I sold out my last option trade on it after making some initial gains. I was new to buying calls, so I dare not take too much risk. I have since lost quite a bit in some subsequent calls option trades but I have also learned so much from them and about myself. I have been a fan of precious metals group, so I am willing to come back in. The strike price might be double of my last selling price, however the price action setup is too good to miss. 

My hope? I want my options to pay for themselves. To do that, $Sibanye(SBSW)$ will likely need to hit the cup and handle target price before thiscoption's expiry date. If it does, I will most likely convert to its principal rather than take profits. I will then sell covered calls from there for income purposes.

There's still 3-4 weeks of trading left. It's a difficult target, but I remain hopeful.

With this, I ended my note for myself.

@Tiger_comments @TigerClub @Daily_Discussion @TigerStars @CaptainTiger