Two ETFs...How are they being played timewise...JO, RING

[Cabin111]

Just wondering if some of you "experts" could tell who is trading these and how...Gold mining and coffee futures. Is it seconds, minutes, hours, days, weeks?...I don't know, that is why I'm asking. It would seem with lower volume, people would shy away from these two. I usually just buy these, do covered calls, then get called away...Lather, rinse, repeat. I do the same with silver (SLV). I like to lock in a profit (about 6-8%), if it gets called away. If not, I'll just write another covered call days, weeks, or months later...They go up and down.

Again, with slower traded ETFs, what time frame do traders use??

 

[TimtheEnchanter]

For illiquid ETFs, I would use an hourly chart. But I would not trade them. There is a reason why others are not trading. For most illiquid ETF there is a liquid counterpart(maybe not for coffee). Just my 2 cents.

 

[BKR88]

Just wondering if some of you "experts" could tell who is trading these and how...Gold mining and coffee futures. Is it seconds, minutes, hours, days, weeks?...I don't know, that is why I'm asking. It would seem with lower volume, people would shy away from these two. I usually just buy these, do covered calls, then get called away...Lather, rinse, repeat. I do the same with silver (SLV). I like to lock in a profit (about 6-8%), if it gets called away. If not, I'll just write another covered call days, weeks, or months later...They go up and down.

Again, with slower traded ETFs, what time frame do traders use??

I do the same as you with JO .... and several other thinly traded ETFs.
Covered calls with months to expiration or multiple expiration dates if scaling in.
Been in CORN, SOYB, DBA for a couple months and will for several more months. Adding on weakness.
SLV is call spreads + shares.
I use a 5 year weekly chart + daily chart.

 

[Cabin111]

I do the same as you with JO .... and several other thinly traded ETFs.
Covered calls with months to expiration or multiple expiration dates if scaling in.
Been in CORN, SOYB, DBA for a couple months and will for several more months. Adding on weakness.
SLV is call spreads + shares.
I use a 5 year weekly chart + daily chart.

For SLV and JO I will do the same thing..."multiple expiration dates".

RING usually runs counter to the market in general...

 

[BKR88]

For SLV and JO I will do the same thing..."multiple expiration dates".

RING usually runs counter to the market in general...

GDX is gold miners also with much more volume than RING.
GDX volume near 18 million .... RING near 45,000.
GDX has $13 Billion AUM ... RING has $378 Million AUM.
Exp. ratio & div. nearly the same.
I'm sure options are much better on GDX.
1 year returns nearly the same.
I've been in & out of GDX. Will enter if/when gold drops to 1800-1820 area.