Jeff 12:16 pm on Tuesday, March 15, 2016
Tags: ContangoETFs ( 446 )

NUGT puts this morning, now calls…

#ContangoETFs STO $NUGT March 18th 63 calls for 1.15

Sam KS 3:48 pm on Tuesday, March 15, 2016

I am primarily trade SPX and SPY. Seeing lot of activities in NUGT in this community. Interested to learn what is special trading NUGT options.
- Jeff 7:37 pm on Tuesday, March 15, 2016
  
  They are hot now because NUGT had a huge surge with Gold prices spiking since the New Year. As with all of these #ContangoETFs (3x levered), the price will eventually drift back down toward zero. But while Gold remains volatile, you can make a killing selling both puts and calls, short-term. For longer term, use only calls.
  - Sam KS 8:05 pm on Tuesday, March 15, 2016
    
    Thanks a lot Jeff. This helps.

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