Up 18% YTD YOY. The company to watch is not TESLA but a CHinese company BYD. (Not listed in US).
Click on BYD at the top in the above link.
Yeah, JNUG is certainly an interesting risk dynamic. I'm sure some hedge funds probably use it in their derivatives. Selling SWC covered calls is more my speed.
137% in April
If too expensive from the player's side of the table, try the dealer's side by selling covered calls. The options are weekly so can get a "fix" every week.
That's pretty nuts. 2 yr low to high percentage swing of 10000%? You really shouldn't tempt the gambler in me, that way. My VXX puts look like a reasonably tame investment, in comparison.
I might keep some JNUG puts in mind as a hedge, prior to the next questionable fed meeting. Not sure though, both puts and calls are awfully pricey.
If you are looking for action in gold try JNUG = 3x Bull junior gold miners. And if that is not enough of a buzz, there are options on JNUG!!!!! Totally insane - not for the faint (or strong) hearted.
I wonder if in the early days of automobiles people said they will never be popular because there aren't enough gas stations - and what if you run out of gas? And what few roads there are are terrible. And you better travel with your own mechanic.
I foresee a new kind of "tow truck". A generator powered supercharger station on a truck. In 15 minutes could give you a partial charge - enough to reach the next real charger. Or maybe Uber-chargers cruising around that can be summoned on demand within minutes.
On another topic I read an article that said autonomous flying vehicles will be much easier to implement than cars. Problem is much easier - no pedestrians, parked cars, intersections with lights, no road to follow and three dimensions in which to maneuver. Any many of the software issues have been already been solved - autopilots, autolanding and collision avoidance systems. Emperor Ming watch out, we are coming to get you. Sputter,sputter,sputter....
"According to my contacts in China, SUV are often bought by small businesses who use them as combination family vehicle and business van. "
Interesting. So, maybe small business in China is doing better than we think? March SUV sales were up 46% YoY.
""The concept of 'taking a trip' is very American."
Should have said "auto trip"
New Year, annual home visits and vacation trips are mostly by train and/or plane.
According to my contacts in China, SUV are often bought by small businesses who use them as combination family vehicle and business van.
FYI: (BYD is largest EV maker in China)
BYD often states that its e6 all-electric car, offered mostly to fleets, has up to 186 miles (300 km) of range using over 60 kWh of energy. Real-world range however is typically much lower (~140 miles), but BYD notes that there is a plan to increase the e6's range by one third to up to 400 km (250 miles).
"The concept of 'taking a trip' is very American."
I'm not so sure about that. Per capita travel is less in China, as many families do not yet own cars. However, China as a whole spends more on travel that the US. Some traditions include an annual trip to their place of birth, and/or extended family reunions. They also spend more on international travel.
The Chinese government has been offering incentives for electric or small engine cars, but despite this, it's the non-incentivized SUV market which is taking off.
Nice moves with SWC. Good time to add a little put protection … just in case.
The concept of "taking a trip" is very American. Europe is much more compact, China clumped around cities. Although other countries may be large, 45 miles (sure to be increased) can cover much of day to day driving. At 100 mi I would definitely consider EV for my second car.
Same problem as here, nobody has ever driven one more than 45 milles. Afraid of being stranded in a bad area.
Can't take a trip.
Sentiment: Strong Buy
China making big push. Major cash incentives and instant registration (you don' have to enter the city registration lottery).
2015 sales of EV
Still a very small % of total sales, but growing rapidly.