#ContangoETFs The continuing decline of Nat Gas has driven $KOLD up astronomically, straining my account and margin. I currently have way more puts than calls, but the calls are all dramatically underwater. Fortunately, it is not difficult to #ReverseRoll. On November expiration, I had 5 short calls way ITM that I closed out. Within one week I had sold enough puts to make up for the losses, and all of those puts are now approaching zero.

December expiration is a bit heavier, but today I started closing out some early and sold some more puts.
BTC $KOLD Dec 118 call for 62.00. Sold for 20.00 on 11/11 (part of a roll)
BTC $KOLD Dec 120 call for 56.40. Sold for 19.00 on 11/19
BTC $KOLD Dec 100 puts for .20. Sold for 3.00 on 11/19
STO $KOLD Dec 155 puts for 2.85. Starting the rolls for the above positions.