$NUGT #ShortCalls #Rollup – to relieve some margin pressure
Bought to close NUGT JUN 17 2016 72.0 Calls @ 25.83
Sold NUGT SEP 16 2016 90.0 Calls @26.19 – an 18 point bump in the strike price plus a 0.36 credit.
Daily Archives: Tuesday, April 12, 2016
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 22nd 2000/1975 put spreads for 1.60. This is an extra spread since my first two spreads for this expiry were previously closed with profits.
NUGT reverse roll
#ContangoETFs #ReverseRoll Taking a cue from @fuzzballl here…
BTC NUGT May 6th 105 call for 6.00
STO NUGT May 20th 55 puts (x2) for 3.00
SPX Call Sold
SPX May16 2150 / 2170 Call for $1.00 when SPX @ 2059
NUGT reverse roll
Bought to Close 1 NUGT MAY 20 2016 95.0 Call @ 10.82
Sold 2 NUGT MAY 20 2016 65.0 Puts @ 6.16
Reverse roll 1 for 2 for a 1.50 net credit…reducing deltas slightly but would still like this thing lower.
NUGT puts
Added one more:
Sold NUGT APR 22 2016 70.0 Put @ 3.10
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY MAY 13 2016 35.0 Puts @ 0.90. Paired with a short Jun 55 call position, creating a 20 point strangle.
$NUGT $GDX $NEM – GDX…
$NUGT $GDX $NEM – GDX is influenced by what NEM is doing, and NUGT is obviously influenced by what GDX is doing.
So … NEM is falling hard …. just sayin’
too deep in the NUGT
After dumping ZSL completely and scaling back on KOLD, NUGT became my favorite son, but I got a bit too deep in the calls. Plus my broker turned up to 11 the margin pressure on these overnight, so I had to dump four under water calls at losses. #ContangoETFs
Example, BTC Apr 29th 105 call for 3.60 released $7K in margin.
Also BTC Apr 8th 85 call for 5.00
BTC Apr 15th 80 call for 7.50
BTC Apr 29th 100 call for 4.40
Total losses only $1K as these were sold for decent premium. Easy to start building back with puts, which also reduce the margin.
STO May 6th 55 put for 2.00
STO Apr 22nd 70 put for 3.30
$NUGT
New May strikes up to $120
VIX Indicator… Jeff would appreciate…
VIX Indicator… Jeff would appreciate if you would explain how the Tuesday levels are 19.20 and 19.50 as I thought it was 25% above previous days close.
Options Bistro 