$Direxion Daily Real Estate Bull 3X Shares ETF (DRN.US)$ $10...
$Direxion Daily Real Estate Bull 3X Shares ETF(DRN.US$ $10.90 pre-market... that's representative of a new high. sadly the longest call option that one can go out is January of next year which I don't think is enough time you could buy a $12 call and I think you'll make decent money because I think the ETF could be 12:50 to 13 in the next 2 months very realistically so you'll have probably a $3 option versus the $1.15l so I think it's a double short-term but I think the big money has to be bought into the common stock because you can't go out and buy a long-term option if you could go out to January 26 and buy a 18 call I back the truck up because I think that's a 10 bagger
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : I just looked and you now have a February call I think these are a decent risk reward... and how I would do it as I would sell a February 7 put for 40 cents. and then I use that premium and turn around and buy the $12 call in between the spread for a $1.10 so your net cash outlay is 70 cents a contract.. one has to understand that if the entire real estate market collapses which anything is possible but is it probable at this point probably not but if it were to collapse you would be put an ETF this one at $7 on expiration date or somebody could exercise anytime in between if it was in the money and the only way to avoid that is you'd buy the contract back at a loss. but I think this is a very very easy trade I think it will yield an extremely nice profit because the world is looking elsewhere right now and you have time to accumulate a position and again go back and read my comments for several months on this