$NUGT #ShortPuts – I don’t know if this is smarter than taking the stock and selling covered calls on it, but I decided to roll this position from ITM to OTM.
Bought to close NUGT Mar 10 2017 8.5 Puts/ Sold NUGT Apr 7 2017 7.5 Puts @ 0.10 Credit with the stock at 7.91.
At least I sucked out all the time premium from the old position.
edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 21 2017 8.0 Puts for a 0.10 Credit with the stock at 7.98
another edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 13 2017 8.0 Puts for a 0.09 Credit with the stock at 8.16