Kelly 11:37 am on Monday, August 1, 2016

Gold doing nothing, $NUGT’s got…

Gold doing nothing, $NUGT’s got mojo, go figure.

fuzzballl 11:39 am on Monday, August 1, 2016

Thing is unstoppable…
fuzzballl 11:43 am on Monday, August 1, 2016

Thought about buying 100 shares on the first green bar this morning and couldn’t bring myself to do it…LOL
Option Iceman 11:47 am on Monday, August 1, 2016

$NUGT – couldn’t take the margin any more – Bought to close NUGT Jan 20 2017 75 Call @ 93.0
Later I sold the NUGT Aug 5 190 Call @ 2.10.
I wonder how long it will take me to make back 93 dollars? LOL
- vxxkelly 12:05 pm on Monday, August 1, 2016
  
  I took my pain on some in the money calls month’s ago. Made a bad mistake and sold too far into the future and this thing took off on me. I think all of us got caught short $35 calls back then. Luckily I’ve been making good money on $NUGT since then and have $SVXY and $UVXY that are paying nicely along the way. Really need a pull back of some sort so we can get some premium. I’ve mostly been letting positions roll off and building up cash waiting for better entries. Adding a few replacement trades, but week after week, just keep getting smaller.