Jeff 10:44 am on Friday, September 2, 2016
Tags: ContangoETFs ( 446 )

NUGT closing

#ContangoETFs BTC NUGT Sept 2nd 21 puts for .10, to avoid possible assignment.

1strangealien 11:47 am on Friday, September 2, 2016

Hey Jeff, generally is NUGT hard to roll/close on expiration day? I did a roll Wednesday on some short 24 puts because I was really nervous I might get assigned shares early. Either you knew something or you just weren’t worried about closing/rolling them today?
- Jeff 11:53 am on Friday, September 2, 2016
  
  I didn’t know anything, but I assumed there would be movement today… because it was so far down early in the week, I figured today’s move would be up. But still, I closed some of these 21 puts yesterday and paid more for them then… like I said, I didn’t know!
  
  I do not find they are harder to roll on expiration day. You were more likely to be early-assigned 24 puts than 21 puts, but don’t get too worried about it. if assignment happens you can convert back into an options position the next day.

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