The best choise was the NEM (in hindsight as always is the case) $655 /option pair contact
Second and ebout equally performers, were the GDXJ and the GDX, $455 & $437 /option pair respectively.
My equity was never really tested with the naked Puts (just a bit with the the GDXJ puts) but my patience was somewhat during the hot summer months.
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http://www.traders-t...in-my-green-eye
Posted 01 September 2015 - 03:15 PM
Since not overweight in Gold & Silver futures as of this morning, the time has come to consider some Miners exposure. My 3 choises and in order of preference are:
Long January 2017 GDXJ 23 calls. Short January 2017 GDXJ 19 puts. Premium cost just a small credit.
Long Jan 2017 NEM 20 calls. Short Jan 2017 NEM 15 puts. Premium cost about zero.
Long Jan 1017 GDX 15 calls. Short Jan 2017 GDX 13 puts. Premium cost about zero.
I'll probably do just 2 of the above and most certainly the GDXJ calls, my first choise.
I do like the action and potential.
This is just what I decided to do and I believe no one else wishes to take such a long term position and with the margins involved selling naked puts.
Hence no need to say DYODD. -tria
Edited by tria, 01 September 2015 - 03:20 PM.
Edited by tria, 18 February 2016 - 08:21 PM.
