NUGTDirexion Daily Gold Miners Index Bull 3X Shares
NUGT Fund Description
NUGT provides 3x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms.
NUGT Factset Analytics Insight
NUGT is a 3x leveraged bet on the NYSE Arca Gold Miners Index—a market-cap-weighted index of large gold and silver mining firms. Like most leveraged and inverse products, it's designed to provide a 1-day bet on the index. As such, NUGT is designed to be held for no more than one trading day. For longer periods, the effects of compounding may cause it to drift (sometimes greatly) from the 300% exposure it promises to provide to the NYSE Arca Gold Miners Index. The fund's annual fee is high, but since NUGT is designed for daily use, the trading costs are of greater importance. NUGT shines in liquidity with very strong daily volume and reasonable spreads considering its volatile exposure, which is why it lands on our Opportunities List.
NUGT CHARTS AND PERFORMANCE
NUGT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NUGT. NUGT is rated a 5 out of 5.
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.