Option Iceman 1:09 pm on Monday, February 8, 2016
Tags: Dollar, Gold ( 26 )

$NUGT #GOLD – Closed near…

$NUGT #GOLD – Closed near the low of the day (but didn’t close the morning gap). Hopefully the bull run is over for a while.

vxxkelly 1:28 pm on Monday, February 8, 2016

I was just about to comment on that. I would have been better off holding my positions, but that’s exactly what I was thinking on Friday as well only to see $GDX rip higher in the afternoon. Chart definitely started going asymptotic so I hated to close down some positions but it could have done that for several more days. It decoupled from the #Dollar last week and was just going higher regardless. I’ll be looking to add back some positions soon.

If we get a sharp pull back, I’ll likely pick some high delta calls to sell and add to it every time $NUGT drops another $1 or so.