Option Iceman 2:17 pm on Wednesday, May 4, 2016
Tags: ShortStrangles ( 716 )

$NUGT #ShortStrangle – Sold the…

$NUGT #ShortStrangles – Sold the May 13 2016 70.0 Put / 150.0 Call for a 2.30 Credit

vxxkelly 3:27 pm on Wednesday, May 4, 2016

Any idea on what happened to the miners today? Gold came down some but nothing like beating the miners took. If you look at $GLD, it is just below the level where it opened last friday, yet $NUGT is about $17 below the level it opened at on friday. This thing is giving us whip lash this last 5 trading day’s. Normally, I want $NUGT to go lower, but just like I don’t want it to explode higher, I also don’t want it to implode in a few days either. Can end up getting clipped on both Calls and Puts within a couple of days. Would really like to see this thing rebound some tomorrow.