Not seeing much to do today. Dollar really isn’t doing much but gold strong and miners strong. $NUGT not at a good level for selling puts or calls at the moment. Won’t sell any calls until it shows some signs of peaking. We’ll see what happens if it gets near $120. It is now kind of too high to get any premium for puts, so risk/reward not there. So, I’m going to take the rest of the day off and go fishing.
I believe the S&P is back to being negative on the year. Don’t have access to CNBC right now, but if it is negative, I’m sure they are making a big deal about it.
I only have 1 remaining position expiring today. $NUGT $60 puts. I’m pretty sure that one is going to be safe
Have a great weekend everyone.
Options Bistro 