IdeaI dont know how many of you are familiar with JNUG 3x leveraged Jr. miners ETF...
On January 16th 2016 it was 8.30 a share for the low.
On July 11th 2016 it hit a high of 126.02
This ETF has a bad reputation for reverse splits and a long term losses of 99.9% since its inception, being a leveraged fund.
There were no split in that time frame that represents a 1518% return over this 6 month period.
I believe we are in this same type of sitiuation by year end with gold.
If a guy was to buy 50k in long call options contracts with and exp. of January 2020 with a strike price 20% above current share price and the same gains proceeded for the 6 months to follow it would be a 5699% gain or 2.858M by July of 2019.
What do you guys and gals think about this? There is obviously alot that can happen between now and then. Just want to know if anyone thinks this is a good idea. Or a stupid/crazy one.