Add to position selling Sep 15 35/40 call for 1.15, same rational going back 2 months since NUGT at 35. As gold goes so goes the miners. Let’s hope an incident doesn’t occur in next month which would likely spike gold, even momentarily.
Sell BeCS Sep 15 36/41 for 0.95, price is nearing upper Bollinger Band – 32.90 now and if upper band is resistance tops out at 34.20 well below short call.
I notice VIX-X moved 5% today while UVXY and SVXY have moved less than 1%. Are we likely to see a stronger move when these ETFs do move? Or are they signaling a likely reversal of VIX-X? Anyone else analyzing these securities?
BTC Aug 18 $35 call for 0.19, sold Thursday for 0.50. Time to lighten short gold as calm resumes, for now. I’m now ready (high cash) for the next move.
BTC Dec 15 $70 calls for $17.00, sold for $17.20, did better Friday selling half position for $15.75. This partial buy/sell approach reducing potential profit but averages out these ugly bumps.
BTC $30 Aug 25 put for 1.65, sold last Wed for $2.15. Missed low on Friday
selling stock as prices fall $31.99 pre-market and $32.11 at open, bought for 31.50 and 36.60 (lesson learned about gold triple ETF.)