With DUST stock trading at $30 sometime in early November, the (theoretical) value of the call option in question would be right around $4.00 by mid-November. Click here for a FREE analysis on JDST. ©2020 Dojispace.com. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
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All rights reserved. ;-). Even if DUST stock falls to $19 per share, the most we can lose is that $90 per contract — we’ll just choose not to use it, as it would be fruitless to do so. All Rights Reserved.
Click here for a FREE analysis on JDST. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The Direxion Daily Gold Miners Bear 3X ETF is an easy-to-trade way of playing gold, but DUST stock isn't the best risk/reward option.
Counts: 1 bullish, 1 bearish and 3 neutral indicators. Find out now with a free stock analysis. There are lots of ways to capitalize on such a move, and a purchase of the Direxion Daily Gold Miners Bear 3X ETF (NYSEARCA:DUST) is a popular play. Should I buy or sell JDST stock?
They’re not for everybody. The analysis is useful for short term traders who trade stocks with technical anlaysis. The trend analysis tool will help you make a better prediction on the JDST stock. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service.
That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. And, even though DUST stock is neither a future nor an option, it’s leveraged like one, moving three times as fast as gold mining stocks move, just in the other direction. Gold prices, and therefore gold mining stock prices, can move very quickly though, so if you’re on the wrong side of the trade and don’t realize it early on, it’s easy for your loss to grow to double digits in just a few days. Should I buy stock?
JDST Technical Analysis.
Stock Scanner. Site (and App) Updates from the Last Few Months, Esports Pro Attains High Score Playing the Stock Market, A new trading strategy from a future star trader, This Is One Of The Greatest Secular Growth Trends, Free Group Coaching and Mentoring at Traders Summit. Let’s use the DUST 17 Nov $26 calls for our example trade. JDST closed down 3.35 percent on Tuesday, October 27, 2020, on 52 percent of normal volume. That’s what options can do in this case. Not only does DUST stock rise when gold prices slide lower, it does so without taking on a risky short position that requires a margin account. If you wish to go to ZacksTrade, click OK.
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Their current price of 90 cents, or $90 per contract ($0.90 x 100 shares) buys us the right to purchase 100 shares of DUST stock at $26 each — versus their current price of $23.80 — at any time over the course of the next month or so. Should the fund move to $30, the value of our position moves to $3000, translating into a profit of $620.
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You can follow him on Twitter. The Direxion Daily Junior Gold Miners Index Bull (JNUG) and Bear (JDST) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the MVIS Global Junior Gold Miners Index. All rights reserved. 2020 InvestorPlace Media, LLC. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments. Get a FREE detailed JDST analysis report. That is, for every 1% gain the NYSE Arca Gold Miners Index musters, DUST stock loses 3%. Nasdaq You may wish to incorporate that into your trading strategies. Learn everything about Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST). That translates into a net profit of $310 per contract — and that assumes the rally stops at $30 — or a 244% gain on our $90 investment.
JDST Stock Predictions - Get a free JDST stock forecast and stock chart. Gold, miners rise on weaker dollar, dovish Fed policy hopes, Gold slips on dollar rebound, economic recovery hopes, Gold wraps 'insane' week, worst since mid-March, with loss, Gold pushes through $2K for first time amid stimulus talks, Beirut blast, Gold touches $2,000 in strongest month since 2016, Record gold price lifts miners; $2,000/oz. If you are thinking about buying JDST, make sure you check out the free JDST stock predictions report provided by MarketClub.They use their proprietary Smart Scan and Trade Triangle technology to analyze the stock and you will get an instant report on how JDST will perform in the near future. The index tracks the performance of Small and mid capitalization companies in the global gold and silver mining industry.
Get these alerts pushed to you via our Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2017/10/direxion-daily-gold-miners-bear-3x-etf-dust-stock-buy-sell/. See all "A" rated Strong Buy stocks.
Should You Buy the Direxion Daily Gold Miners Bear 3X ETF? Should I buy stock? The Q&D explanation of the Direxion Daily Gold Miners Bear 3X ETF is, for every 1% loss in the value of the NYSE Arca Gold Miners Index, the fund gains 3% in value.
Thing is, it doesn’t take much money to make a lot of money with the right option. Even if DUST flies to $30 per share, we can buy them at $26 and sell them at the then-current price of $30. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. It involves options, and if you’re not familiar with them, trading options in DUST stock isn’t the trade you want to use to cut your teeth. Any profit on the trade would have to be reaped before then, which means gold prices only have a month to fall and drive DUST stock — and therefore your call option — higher. By comparison, the equivalent outright purchase of DUST stock would cost us $2380 ($23.80 x 100 shares).
Should I buy or sell JDST stock? But clearly, they’re not a long-term (or even intermediate-term) position.
Should I buy (OAS)? The scores are based on the trading styles of Value, Growth, and Momentum. ... That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Direxion Daily Junior Gold Miners Index Bull (JNUG) and Bear (JDST) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the MVIS Global Junior Gold Miners Index. We don’t want to do exactly that, mind you.
Our goal here is to just sell the 17 Nov $26 call for a profit. The moral of the story is, if you’re right, it’s rewarding, but if you’re wrong, it can be devastating. Still not comfortable with the idea of a cheap option rather than an outright purchase of an ETF that, directionally anyway, is the same play? Find out if you should buy JDST stock. Get a free JDST technical analysis report to make a better stock predictions on how the stock will perform in the near future. ZacksTrade and Zacks.com are separate companies. Access to Intraday penny stock screener within striking distance, 'Only a matter of time' before gold hits record, Citi says, Rising gold prices to offset production hits for metals miners, analyst says, Gold closes near nine-month high; ETF stockpile surges to new record, Even More (Almost) Real-Time Stock Alerts. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. check out the free JDST stock predictions report provided by
will perform in the near future. Stocks Under $1 | Terms | Disclaimer | Privacy | Contact Trading DUST stock is not for the faint of heart, particularly with the risk being as big as the reward. ** There is no guarantee these funds will meet their stated investment objectives. If you do not, click Cancel.
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This includes personalizing content and advertising. Terms | Privacy | As it turns out, however, there are some scenarios where a position in the Direxion Daily Gold Miners Bear 3X ETF isn’t the soundest way to trade an impending pullback in gold prices, even if it is the simplest play. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The analysis is useful for short term traders who trade stocks with technical anlaysis. To learn more, click here. Default or print, actually JDST has placed itself at the top. They use their proprietary Mobile App. 1125 N. Charles St, Baltimore, MD 21201. JDST Buy or Sell? Copyright © 2020 InvestorPlace Media, LLC. Free ratings, analyses, holdings, benchmarks, quotes, and news.
Nevertheless, there are some speculative situations where the risk/reward ratio says you’re better off simply buying a call option on DUST stock, which offers greater reward and relatively limited downside. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months.
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