Ramie 12:49 pm on Wednesday, August 15, 2018

More DUST

Sold at highest strikes:
$DUST Jan 18 2019 50 call @ 4.00
$DUST Mar 15 2019 49 call @ 5.10

MikeL 2:27 pm on Wednesday, August 15, 2018

$6 move today…
I am getting nailed on the Jan 40 Calls.
- Ramie 10:56 pm on Wednesday, August 15, 2018
  
  I’m short those as well. You can roll to March (same strikes) for about 1.00 credit (as of the close Wednesday), or up to 42 calls in March for a small credit (.15 or so). Of course those numbers likely will change as of Thursday morning.
  
  For me, I’m going to wait on rolling out. I’m also short others that have gone in the money today–Dec 35 calls and Mar 40 calls. Since this leveraged ETF has huge headwinds I’m going to hold on for a while and see what happens over the next few days. If gold reverses its move down in any meaningful way this thing could collapse. As an example when gold was up about 3% over 3 days in early Feb, DUST went down by over 25%. Even if gold stabilizes and grinds around for a while, DUST will erode in value. However, if there’s another big move up in DUST I’ll likely roll all 3 positions out.
  - Jeff 5:57 am on Thursday, August 16, 2018
    
    Nice catch on the huge pop… I will be selling my first $DUST calls since February today.

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