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FirstEnergy Corp. Message Board

eugene_picklewedge 3 posts  |  Last Activity: Feb 20, 2015 12:38 PM Member since: Nov 28, 2012
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  • eugene_picklewedge by eugene_picklewedge Feb 20, 2015 12:38 PM Flag

    Was ~$18 the low based on speculation about Greece popping up on people's radars and bidding this up to current $30?

    Even if Greece is bailed out for the 3rd time, this would normalize to ~$18, plus the impact of the dollars direction and the rest of the world's interest in gold bullion given quite a bit of volatility at this time and over next 2 years. So ~$18+ would be minimum 2 year horizon IMO.

    And if you look at the activity in JNUG 2 year LEAPS, "Jan 2017 $15 strikes" someone has been active in selling calls for ~$20 each. -$29 buy +21 Prem + $15 strike = $7/$8 net debit.

    This would mean as long as JNUG is above $8 net debit they make some money. And if at or above $15 strike, they make about 100% over 2 years @ 50% per year. Just rough numbers.

    Will it be above $15???

  • Reply to

    Go Long with the BIG DOGS

    by alaskatrades Feb 20, 2015 9:15 AM
    eugene_picklewedge eugene_picklewedge Feb 20, 2015 12:27 PM Flag

    Just not sure bigdogs are trading on junior gold miners. Wouldn't they be trading the big fish?

  • Reply to

    With decay, does anyone short this and JDST?

    by jr_jeffrey Feb 12, 2015 3:15 PM
    eugene_picklewedge eugene_picklewedge Feb 20, 2015 12:25 PM Flag

    JNUG is composed of junior gold miners, are you saying the price of JNUG is contingent on among other things futures contracts? That can't be, at least not directly. Possibly indirectly if JNUG holdings themselves are involved in futures.

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