Buy to open the Vaneck Vectors Gold Miners ETF (GDX) June 22 call option.

Our gold stock indicator has moved into “+2” territory, strong enough to warrant buying a call option. We like the at-the-money GDX June 22 call.

A side note, our stock indicator is becoming slightly less bearish. If this continues, in the near future we may have to sell one of the open SPDR S&P 500 ETF (SPY) June put options. We also consider rolling over as a possibility. Things can change quickly, however. Stay tuned.