ncroadrunr 12:04 pm on Monday, September 11, 2017

DUST

buy at $21.25
trying to roll Sept 15 $19 call to Sept 22 $23 put for even money.

Ramie 12:13 pm on Monday, September 11, 2017

A lot of headwind on ITM puts on this one. I would probably roll that call out for a credit. You could get .20 credit for a 1 week rollout, and obviously more the further out you go. You could also let’s say roll out to October and up to the 20 call for maybe a .30 credit or stay at Oct 19 and get .90-.95 credit. Just some alternative ideas.
- ncroadrunr 1:36 pm on Monday, September 11, 2017
  
  Thanks for the ideas Ramie. Implicit is the expectation DUST will revert to the downward trend. If gold continues rallying, then DUST will decline. If however gold settles down, DUST should rise. I was looking short-term thinking DUST is bouncing up to 23 area within next week or so. If timing is off, I could short the stock to control possible loss. Long-term is trending to zero, so I see the logic of your advice. I am often guessing wrong lately so appreciate another set of eyes.

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