Watch out! This is DEFINITELY not financial advice. But if you do play it: expect this money to be lost!
The tradeoff however is too beautiful to not do it.
I played this for $1710 per combo, and since it became cheaper.
I bought 1 GC future option contract strike $11,000, and sold 1 GC future option contract strike $20,000. Total paid: $1710. Maximum gain if gold > 20k: around $897k.About 400x gains. (at midpoint 15k I would earn around $447k).
I like those kind of bets. But as said: expect you to lose your money…
Feb 16
at
7:05 PM
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