Ramie 11:48 am on Friday, July 8, 2016

$NUGT hedge

Rolled $NUGT Jul 15 120 puts up to 140 puts for 2.26 credit.

Ramie 11:54 am on Friday, July 8, 2016

Added another:
Rolled $NUGT Jul 22 105 puts up to 130 puts for 3.10 credit.
- Jeff 12:01 pm on Friday, July 8, 2016
  
  And NUGT touched 138.00 in the pre-market! Crazy.
  - Ramie 1:09 pm on Friday, July 8, 2016
    
    Incredible action in this. With the jobs report and gold tanking pre-market I thought we’d be rolling puts out. I found it really interesting that after the initial reaction to the report, gold drifted down for the first couple of hours of trading while NUGT started powering higher within 30 minutes after the market opened.

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