DUST and BOIL

Learning my lesson on these low liquidity tickers and trading spreads. Had a chance yesterday morning to close DUST 55/65 spreads at a small profit but got called to work so missed it. Now I’m seeing that they are nearly impossible to roll anywhere when DITM without a dramatic increase in risk. If we don’t get a pullback today or tomorrow allowing a roll I’ll probably just eat the max loss of 8.75. About the only option is to widen it by 5 points and roll it out and down a year to about 20/35 and hope for a big gold rally.

To avoid a similar situation:

Bought to Close BOIL MAR 17 2017 20.0/25.0 Bear call spreads @ 1.14 (sold for 1.40)

With the increase in margin from TDA for naked selling, it looks like I may be done with these tickers unless it’s maybe buying some put spreads when they start imploding…