Was sitting on a 155/170 strangle for this week. 155 put almost worthless so reverse rolling the 170 call out 2 weeks to the put side.
Bought NUGT AUG 12 2016 170.0 Call @ 9.75
Sold NUGT AUG 26 2016 160.0 Put @ 9.15
Paid .60 debit but that’s ok…I’ll look to sell the call side at some point…or maybe not at all and just reduce my size a little.