Kelly 12:10 pm on Wednesday, April 20, 2016

$NUGT

What a ride today.

Ramie 12:17 pm on Wednesday, April 20, 2016

You’re not kidding! Wish I would have kept my 90 calls instead of rolling them. Of course, as you pointed out earlier, $NEM is reporting after the bell and that could (and likely will) move it one way or the other. It was probably the prudent thing to do when NUGT was 10 points higher than it is now. But this thing will crash spectacularly at some point in the not too distant future. Could today be the beginning?
- vxxkelly 2:37 pm on Wednesday, April 20, 2016
  
  I rolled my $90 call yesterday. I was sitting there this afternoon and made the decision to roll some of my $95 calls, they were sitting @ $4.00. Had to go to a meeting, when I got back they were down to $3.40 ($NUGT about $93). I was thinking that just for some risk mitigation (in case of a spike higher tomorrow) I should go ahead and still plan to roll half of my calls. So I looked at the next couple weeks options to figure out how I wanted to make the roll. Got that figured out, went back and looked at the position and it was down to $2.50, and dropping fast while I was watching it (closed @ $0.975). With $NUGT now down around $84 I chose to not roll them at all. Only 2 days to expiration, so we’ll see what happens.
gmb109 12:24 pm on Wednesday, April 20, 2016

$NUGT – Almost afraid to breath, fastest swing I have ever seen; and none to soon
was starting to have “that sinking feelin”