Replacing a batch expiring today…still fighting my way out of this last split.
Sold NUGT SEP 23 2016 18.5 Calls @ 1.32
Selling these against DITM Oct 26 puts at a 2 for 1 ratio. Used about half the proceeds for this:
Bought to Close NUGT OCT 21 2016 26.0 Put @ 9.30
Considering rolling some of the Oct 26 strike puts out to Nov strangles at much lower strikes…is that a feasible idea?