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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST

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To: Snowshoe who wrote (164731)11/5/2020 5:54:11 AM
From: TobagoJack  Read Replies (1) of 217738
 
Re <<NAK down 17% on preliminary election result>>

(1) I bought NAK @ 1.015 (call it 1.00) and shorted its 19th Feb call / put at 0.80 combined premium Message 33003360

(2) Suppose we are now on the 19th Feb, and the market price of NAK is down -24% from 1.00, or 0.76 (where it is now), and am put another NAK at 1.00. The result would be I have 2 NAK at 2.00 less 0.80, or 1.20, at 0.6 per NAK. I sell the two at 0.76 each, I would be up 0.76 / 0.60, or +27%

The magic of volatility math, just like last time Message 32991982 when 48% was netted.

(3) Am watching NAK as if it is a TSLA or DRD, or NIO or XPEV, for I feel it is game-afoot, to be hunted again, possibly. Maybe another -60% points. Its eventual low might be 30 cents. I wait.

finance.yahoo.com

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