Thanks for the reply. What I'm thinking of doing is to choose a long ETF to short when the market begins to turn.
So does that mean that when we have another recession, UVXY can reach $100?
You mean the June $10 strike? There's a lot more for $14 strike, but seems like there's a lot of call actions in June in general though.
Justfacts, do you think it will be more of a 2016 "shock the world" than 2015? I'm just looking for $18-$20 by year end and I will be extremely happy! Hopefully, the anticipation of a great 2016 will push this to my goal by end of year. I know this is an extremely conservative target for some, but I'll be happy to take it at this stage of the game.
Jahn, I'm curious to know why you think kndi is living on borrowed time? What are your concerns? I'm one that likes to know both sides of the argument. However, from what I've read, kndi is clean.
If the facts all checked out, then why or how the heck would KNDI be a scam? You're the clueless one!
as market falls further and rises even more as nasd rebounds. Any thoughts?
What was the reason that it went down? thanks
Thanks Jim! Do you have a guess what KNDI can reach by/after earnings? I think $20 is too high? My plan is to close the calls after earnings and then wait for a retracement and re-buy the calls later in the year.
Thanks Jim. I don't plan to sell at $16. I meant to say that I'll be glad even if it trades at $16. At least it's a step upward. I actually took a pretty large risk and bought March Call options $11.50 strike for $2 premium. My breakeven point is at $13.50. I hope it will be at least above $13.50 or higher. My plan after that is to buy Sept call and let the story unfold till then.
Jim, do you think we will at least get a small rise come earnings? I'm hoping for $16 by or after earnings. I will be very happy with that. This means no later than March 20th.