ncroadrunr 12:13 pm on Monday, July 18, 2016

$NUGT

Sold both 145 put and 170 call expiring Friday for $10 and $8.60 respectively. Should be easy money, so far.

john4419 6:23 am on Tuesday, July 19, 2016

Would appreciate if you would explain the logic behind this trade.
- ncroadrunr 7:38 am on Tuesday, July 19, 2016
  
  Hi John,
  
  I think NUGT will stay in the box (150 to 170) for the next week. Each day it stays inside theta is decreasing the value of the options. I just BTC the 145 put for a $8 ($2 gain). I may resell the 145 tomorrow if the security drops at open and I can get a price of $9 to 10. I will similarly watch the 170 call. Due to price action in the lower part of the box it looks safer. Hope that makes sense.
  - john4419 7:43 am on Tuesday, July 19, 2016
    
    I get it now I was confused as your post indicated a 170 Put and 145 Call! Appreciate the response.
    - ncroadrunr 7:54 am on Tuesday, July 19, 2016
      
      Thanks, I didn’t catch it after reading it a couple of times. I guess when you know what you’re thinking it is better to have someone else proof read.
      - Jeff 8:00 am on Tuesday, July 19, 2016
        
        I edited it for you. You can edit your own post by clicking the three dots in the upper right corner of the post window.
        
        ncroadrunr 3:26 pm on Tuesday, July 19, 2016
        
        Thank you.

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