Loading ...Proof of Decay !
This is just 18 months
If you shorted both for instance 18 months ago you made a lot of money on both !
note: the prices reflect reverse splits along the way
Check this out
The price of JNUG 7 years ago when these Instruments were first introduced when( adjusted for reverse splits along the way) was $40,000
Now it is $80.
This is real guys ! 7 years of decay ( Rot)
So you say well JDST must have risen a similar amount right ?
um …no
Actually JDST after adjusting for splits along the way..started at $650,000 a share and went to $1,550,000 a share
before crashing along with JNUG
These are dysfunctional derivatives and should be shut down.
But since when will the regulator, the SEC, do what it was established for; and not continue its corruption by vested interests.
Follow the money. Who benefits from keeping these instruments alive?
Fascinating. Unfortunately too weird and complex for my pea brain to fully understand or take advantage of.
Yes had this idea back in 2014.
But better idea as suggested by you short both of them sam amount.
But one need to rebalance everyday to same $ value. Would total $ keeps going higher??
There is always a slippage of one they may not go up/down same $ amount .
Since JNUG is only a two times ETF now rather than the three times it was two weeks ago one might consider just going on 50% margin on GDXJ to match JNUG performance without all of the time decay. There would be margin erosion cost due to margin interest but I’m guessing it would be far less than the time decay in the ETF.
Trading platform problems. For three weeks my Fidelity Active trader Pro is crashing at every market open and close. I have the program running on two systems and both equally glitch. Is anyone else experiencing
this phenomena?
No problems here… Call Fidelity technical support desk. Maybe you will have to uninstall and then reinstall the program?
Thank you Simon. I tried that twice.