$NUGT follow-up on buy write when calculated >3% ROI on weekly position of nearest OTM call. I have observed it is unlikely to work out as planned – call expires and stock has declined more than premium gained.

Wed I sold $NUGT Oct 21 $15 Call and bought stock net $14.25, gain$ 0.75 for ROI 5.25%. Thurs stock rolled over, I had stop at 14.48 just below pivot point, sold. Thurs I watched as price bounced around approaching 15 but not crossing. The 20 sma was declining below 15 yesterday and today the option price dropped from .48 (sold) to .20 start of today, and dropping until I closed for $0.05. No worries if prices move erratically this afternoon.

I think in the future I will calculate ROI and if >5% I will sell BeCS to minimize capital involved and maximize premium by allowing closer to ITM call sales.