If this doesn’t make NUGT roll over and die nothing will…hedging my Aug 105/175 and Sep 105/180 short strangle positions.

Originally sold this week’s 125 put last week. Rolled it up Friday to 135 for nice credit. Very aggressive roll this morning to 150…LOL! 4.50 credit on today’s roll bringing the total to 11.05. Breakeven down to 138.95. Even after this I’m slightly short overall. If NUGT continues up I’ll use some of the premium from this put to roll up the call side of the existing strangles.

Good luck!