#ContangoETFs $GUSH topped out early this week at 47, which triggered my rolling of several ATM positions… then it did what a ContangoETF is supposed to do… dropped dramatically. Bummer that its highs had to be right around my strikes, forcing the rolls. I rolled one into a strangle that may soon have its 31 puts breached. I waited on another, which was a mistake as it is now too low to roll into a higher call. Such is the folly with these ones destined toward zero.