Haw haw haw!
Best of luck.
5.56 now, at this rate it could be 50 cents on September 16, but certainly 2.75 or lower. Only 2.81 pennies to 2.75!
5.71 now, go ahead and short DUST with my blessing!
DUST is 5.78, so I estimate DUST will be $3 when NUGT is $250, we will update as we go along.
Break even is 282.80 and I plan to hold to expiration. NUGT could be 300, 500, even 1000 or more per share!!!!
24 strike price. Expire in 41 days.
I mean all UVXY has to do is get back to 10 and the 24 calls are already at least a double.
And maybe much more. Just too cheap. Already up to 18 cents at the close. Does anyone really think those won't hit at least 30 cents for a double? Just too cheap. 41 days of fun before expiration.
It takes brass ones to buy UVXY calls! I am quite certain that 15 cents was a wonderful buy on the August 24. Guaranteed to hit 30 cents for a double, likely a second double to 60 cents, and probably a third to a buck twenty. I still think they can hit $3, for a 20 bagger.
18 cents at the close so I am nicely already. Just need UVXY to hit 12 soon.
How much did you pay for those calls? I do not think we will see UVXY much over 20 before Jan 2017. What is your target?
XIV will go from 13 to 25. UVXY 9.50 now so I am making a bold call, mark this post.
I want some more!!!!
52 cents at today's close tomorrow should be party time as we begin the roll.