#ContangoETFs #ReverseRoll What I’ve done today… I have to start closing my few remaining ITM calls due to margin pressure and I still believe upside risk greater than downside. I will build back slowly, sell more puts on down days. If any of my aggressive put positions become ITM I will be able to roll, possibly back into calls if the trend changes.

BTC NUGT May 13th 45 put for .10. Sold for .95 on 4/15
BTC NUGT May 13th 55 puts for .20. Sold for 2.50 on 4/15
BTC NUGT June 17th 60 call for 59.60. Sold for 10.80 on 2/8
BTC NUGT May 13th 120 call for 12.50. Sold for 2.05 on 4/15
STO June 3rd 80 put for 5.20
STO June 17th 100 put for 15.50
STO June 17th 45 puts for 1.25 (thanks @Ramie)