Message:

<p>[QUOTE=&quot;SD51555, post: 2246934, member: 71871&quot;]I ask that question in all seriousness.&nbsp; I&#039;m stuck in a jovial pessimist mode right now on metals.&nbsp; I recently finished a 401k rollover and got my paws on that money for full investment control in an IRA. </p><p><br /></p><p>[ATTACH=full]443988[/ATTACH]</p><p>[ATTACH=full]443989[/ATTACH]</p><p><br /></p><p>I have long been a bull on gold stocks.&nbsp; However, I have realized after many losses that I cannot pick individual stocks, so I have opted to buy the index instead.&nbsp; I have recently built a position in GDX and and sold some covered calls.&nbsp; I thought it would be fun to see how I will lose on this trade.&nbsp; There are three ways this can turn out:</p><p><br /></p><p><u><b>Good:</b></u>&nbsp; GDX hovers below my strike price, but above my buy price and I can pocket the premium and repeat. </p><p><br /></p><p><u><b>Not so good:</b></u>&nbsp; GDX blows through the ceiling and I lose my shares at $17 strike while they trade into the $20&#039;s at expiration.&nbsp; Still get a win, but lose a ton of upside. </p><p><br /></p><p><u><b>Terrible:</b></u>&nbsp; GDX blows through the floor, I keep the option premium, but lose way more holding the actual shares.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in