Was sitting on a 160/160 straddle for this Friday. Sure looks like the market is pricing in a Sep. rate hike. Who woulda thought that a quarter point could devastate the miners…LOL. I would normally be rolling calls down but with Janet showing up Friday I’m gonna wait. If no Sep. hike will we see a bounce?

Bought to Close NUGT AUG 26 2016 160.0 Call @ .20 (part of 160 straddle @ 18.15)

Bounce or not, I’ll eventually roll the call out a couple weeks and down as far as I can for even…then sell whatever call(s) that will bring in 8-10 dollars. For now it’s looking like the new position will be somewhere around Sep 9th 155/130 inverted @ 27.00

The experiment continues…occasional little drawdowns but cash balance consistently increasing…