NUGT

#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.

Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46

This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.