STO $NUGT Aug 26 $250 calls @ $1.50
STO $NUGT Aug 26 $120 put @ $1.25
STO $NUGT Sep 2 $110 put @ $1.50
STO $NUGT Sep 2 $120 put @ $2.50

I will see how high $NUGT wants to go on this run before I look to sell Sep 2 Calls to pair off the puts.