LEE KRAMER'S ROOM: With Views

[Bruce A Thompson]

HHHG Wednesday, 10/29/14 09:20:40 PM
Re: Bruce A Thompson post# 1400
Post # of 1404
He's referring to actual direct 'options' contracts (& not JDST/JNUG).
JNUG & JDST are leveraged stock funds that own the long or short contracts for you based on GDXJ movement, but they are not actually options calls or puts. They are the result of options leveraged to GDXJ but technically JDST & JNUG are not 'options'.

GDXJ is the Tree trunk, JNUG/JDST are the branches which reflect GDXJ movement

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FYI--- for anyone wondering about options on JNUG/JDST:

It is best to do options with GDXJ, rather than search for what seems to be a small market for "shorting JNUG" or any 3x fund.
Short GDXJ (rather than JNUG) as it is available and it is far more liquid, too.