jsd501 7:22 am on Friday, November 11, 2016

NUGT

I am out of all my positions in this ETF. I took my hit and will never trade this one again.

Jeff 7:26 am on Friday, November 11, 2016

It is hard to play these when they get below 15. I switched my attention to DUST when they completely switched places a couple months ago. You have to be very careful with long positions, which is why I usually sell calls and rarely sell puts on either NUGT or DUST. I took some hits on NUGT earlier this year, traded it to heavily as it exploded higher.
fuzzballl 7:52 am on Friday, November 11, 2016

Still struggling with mine. Selling weekly calls to buy back ITM puts. I don’t think I’ll ever trade it again unless it’s small and with a call spread. They can be a pain once they start ripping higher…