JNUG trading at premium 8.28%
Since there is suspension units creation by Direxion (provider), it is trading premium 8.28% and going up, y’day it was 1.5%.
I have put at 7.00 strike price for 4/28, just wondering, when he price will be reset. It is not correlating to JDST, it should have down 15% or more , but only down 10%.
Any thoughts?
https://finance.yahoo.com/news/direxion-suspends-creation-units-daily-210700250.html
Be cautious, if plan to buy JNUG, it can reset anytime this premium.
My Thoughts ?
Don’t touch these damn things…ever…they are ridiculous…
Totally agree Fully, these things are making a mockery out of investing. They are nothing more than betting on direction and making this a casino instead of understanding mining. I also believe they help any market manipulation because the manipulators can use these instruments to corral the whole mining sector. Stop playing these ETF’s please.
At today’s close:
JNUG -8.27%
JDST +9.59%
Looks perfectly normal to me.
yep end of the day, they are , intraday it was not.
still 3.9% premium , but better than earlier.
Thank you