Wednesday, September 28, 2016 6:04:02 AM
to head up over $19.50, NUGT trades in correlation to GDX which also should go up, when GDX goes up 1% NUGT does 3% since it is a 3X leveraged
ETF, so buying 15,000 Oct 14, $19.50 calls at $1.70 apiece, his break even
is $19.50 + $1.70= $21.20 by expiration date. For every dollar NUGT
climbs above $21.20, the trader profits $1.5 million, he must be expecting
a huge move in GOLD to put on such a position.
start small work your way up.
best to you
NUGT RSI=2 short term basis over sold so i expect a pop soon after 4 days down.
Recent SDS News
- Promising perspectives for the application of SDS Optic’s inPROBE technology platform for protein expression determination • GlobeNewswire Inc. • 04/25/2024 12:00:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM