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.
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
NUGT
Posted by zach06 on 22nd of Jun 2012 at 12:24 pm
http://www.direxionshares.com/etf/gold_miners_bull_3x_shares.html
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