I’m watching $NUGT very closely today, we’ve gotten a bit of a bounce and that is pulling some premium out of my short puts. I’d like to see a more enthusiastic bounce, but without some help from Gold, that’s not going to happen. I only had a small number of puts left. At this point, I’ve made back more than 1/2 of what I lost yesterday. I can close out all of my remaining short puts for about a $2K loss and just get out of the way until after we see what happens tomorrow. Then will re-enter trades as opportunities arise. A $2K loss sucks but I can make that back, just don’t want it to turn into a $5K loss.

As I type this, it looks like Gold is loosing some momentum so I’m going to close out my puts soon.