Would have no problem buying 2014 or 15 options on many miners...For NUGT, options that far out will probably get challenged by coming R/S. If you have a trading system that works for you using that timing great...I don't trade 3x etf's that far out and not good enough (no tried and true system) for weekly options). Maybe you trade the one's that far out on a short time frame and are sniping while you wait for confirmed trend change. That could work. Once there is a trend then that changes things for me. Even though we still have a downtrend, the current volatility and fact that we could bottom any time makes me hesitant to buy puts on NUGT. My signals haven't called a bottom yet so not going to buy calls or puts. I have a list of miners, but won't buy options or stock until I get my signal.
Good Luck and hope your trades are green that's why we do this.
PS..I have enough to keep track of in total plays without trying to keep track of hedges, double plays etc. I am the epitome of KISS....Good Trades
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