Reddit Posts
AYA Gold & Silver. Exotic SilverSqueeze play. 40% of the float is locked up by insiders and institutions.
Thoughts on gold and silver as a trade
A mid-Month Review: Technical Snapshots & Trade Journal so far for August 2023
GLD Trade Analysis: Are You Too Dumb To Predict Stock Prices? Me Too.
Loss Porn For All the Regards (#WeWillMakeIt)
Gold and Gold Miners are about to RIP FACES!
2023-03-27 Wrinkle Brain Plays - In the style of Hermione Granger
Precious metals miners on the move as gold touches $2,000 (NYSEARCA:GDX)
2023-03-08 Wrinkle-brain Plays (Mathematically derived options plays)
2023-03-02 Wrinkle-brain Plays (Mathematically derived options plays)
Down ~ 70k buying call options on $AG $GDX $HL and $GOLD 23 y/o
A Look At The Best & Worst From February 23 Expiration
🚨BOOMER ZONE🚨 GRAND DADDY’S ADVICE
2023-02-17 Wrinkle-brain Plays (Mathematically derived options plays)
MAJOR BULL RUN!!!: GDXU, JNUG, GDX and gold mining stocks!!!!!!
GDXU, JNUG, GDX and GOLD are still on fire and leading the market!! I'm up 95% in 3 months
The progress on inflation using pairs trades
2022-11-07 Wrinkle-brain Plays (Mathematically derived options plays)
2022-10-27 Better Tasting Crayons (Mathematically derived options plays)
2022-10-24 Better Tasting Crayons (Mathematically derived options plays)
2022-10-10 Better Tasting Crayons (Mathematically derived options plays)
Non-Boomer Portfolio Management for The Highly Regarded
Now is time to get some mining stocks and cost average down if the market tanks. Already historically low and if we do have recession/depression gold and silver historically do well. Mining stocks could 10x easy if their is a breakout in PM prices which seems to be a likely scenario
Are delta hedged short straddles on 3x ETFs more risky than on 1X ETFs?
Unsolicited Technicals post FOMC Update
Gold Is Holding Up as Stocks, Bonds, and Crypto Plunge $GLD, $GDX, $GOLD
Silver and Gold are signaling a new weekly cycle
DD Upside Call on $AU Anglogold Ashanti prior to earnings
Gold, Silver, Copper, Oil and Uranium sector and their values today
Interest rates, inflation, and where that leaves Gold and the markets.
Silver Miners still lagging the massive gains in gold & silver
$500 ~ $4800 playing AG, GDX, and GOLD
An epic Gold move has begun $GDX $GDXJ $NUGT. Today is day 1. Please hold on to the bar
Precious Metal Miners all trending lower
Discussion on precious metals - pros and cons of precious metal stocks, ETFs, and physical holdings
Bought $GDX 32 long October calls
Trying to Build Small Account With Options.
Deeper Dive into $KGC - The Canary in the Gold Mine
Waiting for the Glass Ceiling to Break
Now is not the time to be long... remember the market moves in cycles
Are we starring at another Black Swan ?
$GDX currently at the 0.618 Fibonacci retracement level in its bat harmonic. ______________________________________ // Tags: $SPX $SPY $ES $NDX $QQQ $NQ $DJI $VIX $GLD $SLV //
04/01 i said i was going to work on GDX with a proprietary options technique to “flatten the ladder”— if you held bull spreads, you’re welcome.
Gold and Silver pennystocks — 100 baggers, and the train is departing the station.
Mentions
GDX and GDXJ calls all day
Took profits on my GDX. Made $300
I disagree with the approach of buying a lot of bonds as you approach retirement. You do better to stay invested in high quality stocks and S&P 500 until such time that your time horizon to access the funds is within a year. If you are concerned about market volatility, buy gold as a counter cyclical asset, specifically GLD or GDX or a little of each. Some bonds are fine, but covered call ETFs provide more income.
I wont be mad if GDX +3% tomorrow
Since it was hectic today: They were going very hard buying XLF XME GDX in mutli million dollar call buys
STX and GDX continues to only have green days
Pretty much all of them. Look at the past month. ETFs like GDXJ and GDX too
GDX im fucking dead these MF calls are printing and they feel like a 24/7 fire sale to buy
He's doing it again lol, dude is shorting Gold, GDX, ORCL lmaoooo, and saying he's making money but refuse to show it lol
Yesterday I got into leaps for SLV and GDX. Those are good hedges. If we’re wrong they won’t be going down much and if we’re right it would pay off big time.
Good profit-taking dip on GDX today. Still in a strong uptrend if you have no gold exposure in your port. Went up around 300% during other recessions. Long way to run still if it does it again.
I can't. Locked into GDX covered calls
I tend to agree with you. Realistically, for a 10-year holding period, I’d structure it roughly like this: 75% in the S&P 500 5% in precious metals ETFs or stocks (such as GLD and GDX) 5% in Bitcoin 7% in cash for flexibility and liquidity 3% allocated to hedging and insurance using long-term options or other strategies to protect the portfolio against volatility Additionally, I’d consider rolling 45-day covered calls on SPY (or a similar S&P 500 ETF), tailored to your risk tolerance. This can generate a couple extra percent every 45 days, which helps offset any downturns in the market and allows you to average down if the market contracts a bit.
I think you’re onto something Buttstuffington. Gold is doing well as the rest of the world lessens their USD… I’ve been looking at some EM debt funds and have been holding GDX for a while. Where do you think oil goes during all of this?
GDX is hitting fresh ATH’s every day
Wish I knew… I guess a bear is eventually right? Gold is blowing my mind and also concerning. My GDX and GDXJ up like 100% in a year and still going strong
I'm in almost all cash other than HOOD and GDX. Somehow, I'm sure MMs will find a way to make me file for bankruptcy at open
Market is fading. I was correct about buying GDX because of uncertainty. But for some reason GDX is red too
I'll add on to u/Krammsy's reply and say Yes also. But what is a "PMCC farm"? And it sounds like you may have too many positions on. I know that it's preached to us that we diversify ("diversify away the risk"), but at some point your return will just be that of SPY or whatever. To get excess return, I think you need to focus on the best-in-class investments. For me, that means 10 stocks, or 5 ETFs, as I laid out above. It sounds like you're thinking properly about non-correlation, but I'm not sure that doing it to an extreme is worth the extra effort. Here's how I do it, in case this helps: Running the same ETF screen as I did above, "has options," "500k volume", "sorted by 3-month performance," then just looking at charts, I start picking tickers like this: XME, SIL, --whoops-- "Isn't XME heavy in precious metals? It is, but keep it for now...GX "Silver Miners"... GDX "Gold Miners" ... SVXY "I don't like playing the VIX" ... MAGS, ASHR, KWEB ... "Whoops, there's another China." Like that, at a macro level, I certainly don't dig into their holdings. And to your last question: Yes. About 30 - 45 minutes each evening is what I spend across 3 accounts with 24 positions, though some are duplicates of each other. Mainly the 'tending' is setting up new CCs for tomorrow because the ones I had on came off with their GTC BTC orders. And then checking that the underlyings are behaving and that my long Calls haven't lost too much. It sounds to me like you're very much on the right track, but maybe back off on the analytics a bit. It really can be as simple as setting up those GTC BTC orders and selling new short Calls. And cutting the occasional position and screening for a new one. And the "screening" part, if it's mid-week, is usually just plowing freed-up cash into the best-performing instrument in that account. On the weekends I'll spend more time screening for new things and thinking strategically. Best of luck to you!
It’s is the number one risk… GDX NEM B dollar cost average in to these to protect yourself…
I've been where you are, and I could just tell you to stop, but you won't. No offence meant, we've all had to try it. If this journal will be a page-per-day kind of thing, go out about 6 months and pencil this in: "Buy Calls at 80-delta on quality underlyings. At least 3 months out, but a year is better." Then try to forget that and do your best with CSPs (and the CCs you should try to avoid, ala u/ScottishTrader, but won't always be able to). When you tally up your performance at that 6m point, compare it to any of these ETFs from now till then: XME, VNM, SIL, GDX, MAGS Nothing especially special about those 5, they're just going up smoothly over the past 5 months since Liberation Day. Calculate each one's 6-month returns, average them out, then multiply that by 4. Because that's the *minimum* multiplier you would've gotten from 80-delta Calls on them. Good luck on your journey! (And just to hold myself accountable, I'm going to put a 3-month RemindMe on this. 3 months because it will be long enough to prove the point, and short enough that I *might* remember what I was talking about.)
everyone is still stuck on the same shit in here. buy some gold equities for godsakes lol the GDX and GDXJ have outgunned every index. if you don't want to buy either index buy some mid tier miners like BTG and FSM.
This is solid as it is mostly total market funds. Annuities are a rip off. If you want to lower volatility, buy some gold ETFs, GLD is gold futures and GDX is gold miners.
Have no idea what qualifications HOOD used for summit. Not sure if it is balance or activity. I have a personal style if trading that works for me. Usually about 3-6 months. This past year, it was NVDA, then PLTR, then HOOD. Hard to summarize it all but basically when bullish, I look for best of the best. Then I set some milestones for exits. My next milestone for HOOD exit is 9/19 (maybe a few days after). I also shift my strategy based on risk. 1 wheel (low) 2. Leaps (mid) 3 shorter term ITM options (high). I am transitioning from 2 & 3 to low risk wheel. I will likely just hold CRSP, HOOD, ASTS, TSM and maybe RDDT (nervous about recent runup). Maybe even look into something like GDX as a hedge. I really like the income generation of wheeling sticks with some bit of volatility like above.
Darned ! Thought this was 11 day old GDX call ! Haha
man...so many people are shorting it right now, especially GDX....them fuckers are going to get smoked...and with all the leverage, man oh man, this could get nasty for anybody short gold or gold related assets.
GDX huge fucking dildo right now
I would stick with the individual stocks and sell VUG if that is just buying the same stocks as the bulk of your portfolio. You might want to look at some growth financial stocks like Goldman Sachs, Robinhood, NASDAQ (the exchange, not the ETF), and ICE. For diversification, buy some gold or gold miners, GLD or GDX. Let you winners run and use new buys to diversify.
$GDX for now. When market bottoms $SPY
I would think this would work even better with GDX?
I wouldn't do anything but buy and hold GLD/GDX/SLV right now. Taking profit is insane to me. I am literally taking profits and buying more GLD and selling puts on GDX. Gold should be over $5K right now. The Golden Age of Grift is not a real economy at all.
One of my sharp trading friends just opened a short on GDX but that's the miners who don't trade strictly the same as physical. His holding times are very short though. I bought gold in 2000 and haven't even looked at it in over 15 years. Too much of a pain to dig it out.
I only trust STX. GDX and SLV is ok Lmk of any stocks that only have green days
Jesus Christ. GDX straight down. Turning red
SLV and GDX dropping hard. Sketch
GDX float is tight run this slut to the moon
GDX only getting started. It's been out of whack for a long time.
GDX holy fuck $70 when
Everyone should pile in GDX. I sold a 67 covered call exp 9/12 on it so it should blow right through that to like 70 by then
GDX calls left earth
In early August I switched my GDX leaps for SPY puts. I may be very stupid, but like every other middle class white boy, have yet to face the full spectrum of consequences
GDX calls such easy money
Today's the day. I think imma have to buy back my GDX call and roll it down to my breakeven just to capture the bulk of this insane run-up in the form of premium. Wanted to keep the stock but it's going to overtake NVDA as largest market cap by Thursday at this rate. No way to roll it up without taking an L
I’m super long miners and Gold and Silver. GLD SLV PAAS HL GDX. 🥭 clearly unwell. Only a matter of time. Also Bill Bell getting blown the F out. Overall not a bad Monday
I hate precious metals, they produce nothing and they have the double whammy of being overpriced thanks to metal bugs and doomsday folks while not being as good a hedge against inflation, historically, as people think they are. I guess the one good thing, if you're worried about major collapse, is that there's the possibility of having a physical store of value that you can hold, and not just a piece of paper or digital account asset that claims you own part of something somewhere that may or may not still exist. But that's only if you buy physical metal, and then you have to worry more about liquidity, not to mention storage... OTOH, miners actually produce wealth, and the more expensive metals get the more the miners are worth. I had a position in $GDX at about $51 that I sold around $58, now I'm wondering whether to buy back in at $63.
My portfolio is 99% GLD GDX GDXJ and SLV - you bet I've seen gold and silver futures :D :D. I set aside a bit of my holding to sell calls just cause I can't quit that thetagang life.
I am currently full port on GDX (no options I am a loser), so some people are paying attention. Pay close attention to the gold prices though!
If the tariffs are gone via the courts the bulls will break loose with a frenzy. I have made some with chips but out of that for now. My big gainer this year is GDX which I still hold and is a safe bet in a recession.
GDX, GDXJ. Playing individual names, especially in the junior miners, is a very dangerous game
Check out VGPMX vanguard global capital cycles. It invests internationally in a variety of industries and commodities that aren’t directly linked to US tech. VYMI - vanguard international dividend. These are all blue chip international companies in a variety of industries but doesn’t have commodity exposure like VGPMX VIPSX - inflation protected bonds - this gives you a bit of stability in a highly volatile market that is seeing higher inflation. Retirement is 2-3 decades away. Now is a great time to build up your fixed income part of your portfolio. Vanguard has a wide selection of bonds to check out, but considering the inflationary environment, I wouldn’t put too much into bonds, just add a little bit here and there. Last thing to check out, is precious metals industries. They tend to do well in shaky markets that you’re seeing right now. Putting a couple percent into something like SGDM or GDX, both solid gold miner ETFs can diversify your portfolio. Politically unstable times with shaky financial markets make gold and other commodities more valuable. Do some research, find assets that match your risk and volatility tolerance, and keep on saving!
It sounds like you need some diversification to take volatility out of your net worth while pursuing long-term appreciation. Here is what I would do: $300,000 into an investment property suitable for short-term rental on Airbnb. Mortgage the difference. $100,000 into gold via ETFs, half GLD which is gold futures ETF and half GDX which is gold miners ETF. Gold is an excellent inflation hedge and typically moves in the opposite direction as Bitcoin and NASDAQ 100. $90,000 into these two REITs that are Dividend Aristocrats (raise dividend 25+ consecutive years): $45,000 into Federal Realty Investment Trust (FRT) and $45,000 into Realty Income Corporation (O). $10,000 into NVIDIA whi h has amazing long-term revenue and earnings growth. This approach gives you inflation hedge, asset diversification, assets the move in different directions from what you have but are still consistent with long-term appreciation.
Thats why I’m buying GDX lol
September is historically the worst month for stocks as a season pattern. Last year S&P was up 2% in September, prior four years it was down. The tech trade seems exhausted. I would make a shopping list of what to buy at what price over the next two weeks. If your orders fill, great. If not, gold is a conservative asset. There are several gold ETFS. My two favorites are GLD which is gold futures and GDX which is gold miners.
Sold my GDX for 30% gain and piled it all into SILJ @ $13. I just think silver is more likely to double from here than gold. $80 silver VS $7K gold probability guess.
Cash this weekend or not.. GDX or not..
if they dont raise the premiums for these GDX calls the MMs are going to get slaughtered its like having a money tree
I wish I never sold that covered call on GDX holy mother of god. 58 strike exp 9/19 lol 🤡
Worst thing I ever did was sell a covered call on GDX yeesh
I’m long a September 30 QQQ put spread; 550/525. Now, I’ve lost more than 1/3 of my purchase price but in addition to a full allocation in GDX I’m comfortable in holding onto my longs which I call the best of breed stocks in software, semi’s; WMT, UBER, META, NVDA. Oh, can’t forget TJX , XLU & XLC. And so it goes.
Wish I was more aggressive opening my GDX position. Still adding tho🥇
GDX going crazy why are the calls so cheap
GDX is insane and the calls were so cheap fuckkkk
Let rampant racism and theocratic bigotry work for you my average Gold Mining stock is up 75% in last 12 months, he's in office another 3.5 years at least :) GDX, GDXJ, GDMN if you don't want to do the research in specific companies
I sold 30dte itm calls on GDX over my cost basis this morning for $300 to capture that random crackhead move
Here’s a bearish signal: SLV put options 37 days out are currently the second highest ratio of bearish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move down significantly more than it has moved down in the past. GDX is sixth. Means the big boys are expecting a rotation out of commodities. Inflation expected to go down, or at least not go as high as originally projected. Probably they are pricing in the no interest rate cut scenario and setting up positions accordingly.
Buy ETF GDX instead of individual company. Less risk. Made over 100% return so far. https://preview.redd.it/im98p5ry7mif1.jpeg?width=998&format=pjpg&auto=webp&s=80fdbf08bc9b0393b997ce5282a441edc43e1613
# GDX and GDXJ Up ~70% YTD. I'm moving into gold and silver miners.
GDX calls are printing my fellow ritards
Awesome....just bought AEM calls and GDX stock.
Great for Gold & Silver Mining Companies in my opinion . Not financial advice but have you looked at the price of gold or the GDX or the GLD ?
all of them. GDX + GDXJ covers the majority but my favorite individual tickers are NEM, CDE, NGD, KGC, and B
If your dad thinks the stock market will blow up, put 100% into GDX, a ETF consisting of gold mining stocks. Gold prices are likely to rise due to the increasing inflation environment we're in now, benefiting those stocks.
If you bought Bitcoin at the end of Nov. 2024, following the enthusiasm over Trump’s win, you're up 16%. However, if you bought $MSTR to leverage BTC, you're down 3%. But if you bought gold instead of either, you're up 27%. And if you bought $GDX to leverage gold, you're up 50%.
Whoever said to buy GDX calls yesterday thank you 🙏
Where my GDX boys at?!?!
Selectively yes, do your DD or just GDX/GDXJ
I limit ordered GDX and i bought 1% more than current price?
I like the added leverage with GDX. I prefer the big miners.
Plenty. However, If you don’t want to do your homework, I’d recommend the ETF’s. Diversified, safer, dividends. #uranium : URA URNM URNJ #gold : GDX GDXJ SLV SILJ Already had a good run but the generalist investors are not in yet. Plenty of runway in my opinion. Good luck 👍🏼
I sold calls against my GDX position when it happened and then closed them for .02 today
I'll talk to you about Blackrock, and specifically the Call you bought. You're right, it's a big company: about the same market cap as Adobe, IBM, and Tencent. But share volume is much lower than those companies. Which means options volumes are much smaller. Is that why people don't talk about it here? I don't know. Before I talk about your option, I want to give the caveat that I don't play options 'dynamically' around earnings events. So I don't know what a deep OTM Call option will do if earnings are good. Will it go up dramatically, or will the IV crush at the same time, now that the unknown is known? So I trade options longer-term, irregardless of 'events,' and I think of their potential returns at expiration. Though I rarely *hold* them till expiration. You bought the 18Jul1180C for I don't know how much, but it's worth 0.97 this Sunday with the markets closed. And it's at 5-delta, which doesn't bode well for it. Do you know that Delta is "kind of" the probability that an option will expire ITM? Just 1 cent in the money, no indication of how deep ITM. But you don't need it to just get to 1080, you need it to exceed 1080 *by however much you paid for it.* Your Cost Basis. If it does that, great, you'll be flat on the trade or slightly positive. But I'm afraid the odds are very much against you on this one. 95% against you. Again, maybe you're playing what dynamically happens to the Call price when the announcement is made. But this one looks like a gamble. You likely won't listen to me, but please stop buying OTM options. (And go ahead and stop trying to play earnings too.) Buy Calls well ITM. 80-delta is kind of the standard, but at least 70. And I know, you couldn't afford to trade BLK then, so just find cheaper stocks/ETFs. Gold has been good since laste-2023. Take a look at IAU, or the miners, GDX. Good luck.
A lot of trades I want to put on selling credit spreads are very low return and max loss. But when I add more contracts the ratio starts getting worse and also I get eaten up by fees for my platform. For example: SELL 1 PUT VERTICAL GDX SELL -1 PUT 50 Strike, BUY 1 PUT 49 Strike Max profit $28 (minus commissions/fees), Max loss $72 I'm not upset with the profit/loss ratio here given the POP is roughly 70%, but that's such a mediocre amount and I'm exiting when the trade is 50% profit. I tried widening the strikes lower than 0.20 delta for the long put makes the profit/loss ratio a lot worse.
Silver and gold bullion in your possession. Gold/silver royalty companies like $ FNV $WPM $MTA etc. $GDX etf for trading. $NAK for speculators