#ContangoETFs Got too heavy in short calls on DUST, and now with the relentless plunge of Gold I cannot continue to roll at this time. I am closing a few ITM or ATM calls with losses this morning. I will have to work to build back the losses at a later date when my margin issues relax.

I’m getting hit simultaneously with positins in FB and NFLX being overdone to the downside, while my SPX spreads are being pressured to the upside. All manageable now, but until more time passes and/or tech starts its rebound, I’ll have to take my lumps on these naked DUST calls until I have the powder to re-enter.