Interesting FB trade

    Posted by zach06 on 22nd of Jun 2012 at 12:05 pm

    I haven't traded it yet.     If you got caught with it and still own it at   38  you can  buy the   33 call  and  sell 2  36 calls..     for a 30 cent credit.    These are Aug calls.

    This would get you back to break even quicker.

     

    Another one would be to buy the  33 call and sell to  36 calls anyway for a  30 cent credit.

    There should be plenty of supply at  38 .   If you don't like naked calls or don't have enough margin..   buy the July   39 call for protection for around   15-20 cents.

    NUGT what does it follow? GLD price?

    Posted by jennelle1 on 22nd of Jun 2012 at 12:07 pm

    no it follows gold stocks

    Posted by joe12pack on 22nd of Jun 2012 at 12:18 pm

    no it follows gold stocks 3x. just watch gdx

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