fuzzballl 8:13 am on Wednesday, July 20, 2016

NUGT again

Little bounce there so:

Sold NUGT JUL 29 2016 160.0 Call @ 3.50

Looking to add put side soon…

fuzzballl 8:27 am on Wednesday, July 20, 2016

Sold NUGT JUL 29 2016 110.0 Put @ 1.95

Selling just below the 50ma so strangle will be next week 110/160 @ 5.45. Staying small and slightly more aggressive working nicely. Seems like when I sell more contracts further out the account swings can be huge if it starts moving against me. Slightly more active and slightly more aggressive the plan for now.
- fuzzballl 1:15 pm on Wednesday, July 20, 2016
  
  Kept a close eye on this and once it fell through the daily low I closed the 110 put side for .70 loss. Current position is now just the short 160 call @ 2.80 credit. Not messing with any more short term puts for now since I’ve still got a couple higher priced ones out in Aug and Sep. We’ll see how it goes….I”d like to roll the call down for additional credit on any strength.

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