Currently short June 50/70 bear call spreads. Sitting here looking at the long 70’s and seeing a bunch of 10 bagger gains….(of course the 50’s are bigger losers). Running the analyze tab on TOS the account could easily handle NUGT at 100 with all of the short calls naked so with that in mind…
Should I:
1. Do nothing
2. Book half the long 70’s
3. Book all the long 70’s
4. Book the longs and roll the short 50’s out and up
5. Some combo of all of the above
What would you guys (gals) do?
EDIT…could roll the short 50’s to Sep 60 or Jan 80 for even.