Didn’t do much last week but did do a little higher risk adjustment on some NUGT positions:
Had short June 50/70 bear call spreads sold too early for 1.10
Obviously the long 70’s were massively profitable so sold them for 27 bucks each. Then rolled the short 50’s out to Jan 2018 90’s for .40 credit. Also bought a few shares to help control margin if we continue higher. If the stock drops I’m willing to take a loss on it since I’m making the 27 baggers on the closed 70’s. Stop loss on the stock is a close below the 20ma…little higher risk with this adjustment but since the spread was completely in the money a debit roll would’ve been required anyway.