Closing out NUGT calls

This one was so underwater most of this week, that I felt fortunate to get out at a (small) profit. Didn’t want to chance another spike tomorrow with this option expiring.

Bought to close $NUGT 4/15 75 calls @ 1.05. Sold for 1.20 on on 4/6.

$NUGT testing support @71.50.

$NUGT testing support @71.50.

$UVXY #ShortPuts #VXXGame – Sold…

$UVXY #ShortPuts #VXXGame – Sold UVXY Apr 29 2016 14.5 Puts @ 0.36 replacing the April strike 18 puts I just covered

$UVXY #ShortPuts #VXXGame – Bought…

$UVXY #ShortPuts #VXXGame – Bought to close UVXY Apr 15 2016 18.0 Puts @ 0.30. These expire tomorrow and are currently out of the money but I don’t trust the stock to stay here for another 24 hours.
Originally sold @ 0.47, so a bit of a gain.
And these were in the money just an hour ago.

$NUGT

Rolled April 22 $70 short puts to qty 2 May 6 $115/$52 strangles for $.40 credit

Here is a link from…

Here is a link from TT on strangles since earnings season is underway.

https://www.tastytrade.com/tt/daily_recaps/2016-04-11/episodes/strangles-with-protection-04-11-2016

$NUGT #ShortPuts – Sold NUGT…

$NUGT #ShortPuts – Sold NUGT APR 22 2016 49.5 Puts @ 0.35 – these expire next Friday

NUGT puts

#ContangoETFs Nice pullback… although now some puts going ITM!!!

STO May 6th 50 put for 1.50
STO April 29th 50 put for 1.00

NUGT put

Sold $NUGT Apr 29 55 put @ 1.80

$NUGT #ShortPuts – Sold NUGT…

$NUGT #ShortPuts – Sold NUGT APR 22 2016 51.0 Puts @ 0.35 – these expire next Friday

$NUGT #ShortCalls #Rollup – rolled…

$NUGT #ShortCalls #Rollup – rolled up the only in the money NUGT calls left for this week for a small credit.
Bought to close NUGT Apr 15 2016 46.0 Calls @ 28.85
Sold NUGT Jun 17 2016 51.0 Call @ 28.90
A tough trade to get off but at least I added 5 points to the strike price.

NUGT #ShortCalls – got an…

NUGT #ShortCalls – got an early assignment on some NUGT April 47 calls. Since Ameritrade has no stock to borrow, I covered the short at 77.30.
To offset the pain a bit I sold the following after the short stock was gone –
Sold NUGT Apr 15 2016 88.0 Calls @ 0.30 – these expire tomorrow
Sold NUGT Apr 22 2016 100.0 Calls @ 1.10 – these expire next week

SPX puts closed

#SPXcampaign In pre-market, bought to close $SPX Apr 29th 1910/1885 put spreads for .20. Sold for 1.40 on March 22.

DAL earnings report

#Earnings Delta Airlines’ earnings are in, and the stock is up as expected. I will be looking for this to settle in at 49.00 at Friday’s close. I will be putting some close orders in after the open today to take profits if they become available before Friday. I’ll list those orders as a comment below this post.