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nsomniyak

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nsomniyak

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Re: CPTMatt post# 32764

Thursday, 10/06/2016 7:40:34 PM

Thursday, October 06, 2016 7:40:34 PM

Post# of 35717
I also bight some JNUG, which is some kind of leveraged Jr. Mining etf.

Doing buy-writes with it. Big premiums. Bought JNUG at 9.87 and wrote the in the money 10/7 strike 9 weekly calls (expiring tomorrow) for 1.12. Unless the bottom falls out of JNUG tomorrow I will net .25 per 100 shares involved.

2.5% is a pretty good one day return.

I love writing weekly calls-the time premiums decay really quickly. Even better given a high beta underlying stock or etf.

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!

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