Replies to post #32764 on Value Microcaps Junior Miners

[nsomniyak]

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.