The other day he talked about how there are certain tickers that he ALWAYS has a position in. Said he makes the bulk of his money carrying these all the time and constantly adjusting and collecting theta. Most of the ones he mentioned were all the usual suspects….big and liquid.

Seemed like an interesting idea to me. That’s almost how I’ve been trading NUGT lately. Not so worried about selling and expiring….trading it for bigger premium with smaller positions and just planning on doing that indefinitely…(as long as premium stays elevated).

With all this in mind, I’d like to try it in a regular stock. Looking at CMG since it’s not crazy expensive (see PCLN) and offers weeklies. What do you guys think of his theory?