Loading ...Bought a couple of JNUG Calls
I bought a couple of JNUG calls close to the money expiry Jan 2018. Why calls because they look cheap and the risk is defined by the cost of the call. If you buy 100 shares of JNUG I think the risk exposure is greater.
I realize I am playing with fire. I bought NUGT calls when NUGT was trading for around $3 at the low last year. They did a reverse split 10 for 1 which destroyed the call premium I paid, because they could not be traded only exercised. I still made money on them in the big run-up.
Thoughts anyone?
You are buying a derivative of a derivative of a derivative
But yes your loss is defined, just like an extraction vs root canal
🙂
Good luck Gold Tooth
The trade will either blow up in my face, or pay off big. Risk vs reward.
Options on the GDX or buy NUGT/JNUG, but I personally would not buy options on a leveraged ETF, but all the best.