TIME FOR GOLD TO SHINE AND SILVER COAT TAILS??? I AM ALREADY LONG IN TWO GOLD OPTION OCTOBER (EXPIRE IN 21 DAYS :( ) 1430USD STRIKE 2016 CALLS WHICH CURRENTLY ARE SIGNIFICANTLY DOWN FROM WHERE I PURCHASED THEM...BUTTTT THE CALL OPTIONS FOR NOVEMBER (EXPIRE IN 50 DAYS) GAIN EVERY 5USD CHANGE IN PRICE ALL THE WAY UP TO THE 1475USD STRIKE PRICE. PERHAPS I LOSE IN MY OCT OPTIONS, BUT MAYBE YOU CAN WIN BY BUYING CHEAP NOV CALLS (SUGGESTED PRICE OF 250-400USD EACH) AND WIN OR LOSE BUT KNOW YOUR TOTAL RISK, THE COST OF THE OPTION? I AM ONLY SPEAKING FOR ME...U DO YOU AND YOUR OWN DUE DILIGENCE TP WOULD BE GOLD 1400USD AND AS YOU KNOW OR SHOULD KNOW ABOUT OPTIONS; IF GOLD IS NOT AT YOUR STRIKE PRICE COME EXPIRATION TIME THE OPTION WILL HAVE NO/ZERO VALUE (MEANING YOU LOSE YOUR MONEY). I LIKE OPTIONS DUE THE POTENTIAL SUPERLEVERAGE (UNLIMITED PROFIT POTENTIAL) OFFERED AND THE KNOWN RISK (PRICE OF THE OPTION)
