I’m using this rather dramatic move to get out of some positions at near full profit, freeing up a bunch of buying power and lowering my upside risk.
Bought to close $NUGT Oct 21 25.00 calls @ .06. Sold for 1.51 on 8/30.
Bought to close $NUGT Oct 28 30.00 calls @ .05. Sold for 1.00 on 9/21.
Bought to close $NUGT Nov 18 15.00 calls @ 2.16. Sold for 14.07 on 8/22 (as a rollout).
Bought to close $NUGT Nov 18 46.00 calls @ .06. Sold for 1.25 on 9/6.
Bought to close $NUGT Dec 16 50.00 calls @ .10. Sold for 3.70 on 7/27.

EDIT: Added some more–
Bought to close $NUGT Nov 18 35.00 calls @ .10. Sold for 1.00 on 9/21.
Bought to close $NUGT Dec 16 17.00 calls @ 1.90. Sold for 19.70 on 8/2 (as a rollout).

Sold $NUGT Nov 11 (weekly) 29.50 calls @ 1.00

Took profit on these at almost minimum value, reducing some short call exposure.
Bought to close $NUGT Oct 14 (weekly) 35 calls @ .05. Sold for 1.20 on 9/6.

Sold $NUGT Nov 4 (weekly) 29 calls for .85. Initial position at the highest strike in the 11/4 weekly series.

Bought to close $NUGT Sep 23 25 calls @ .20. Sold for 1.32 on 9/2.
No sense sticking around for the last .20 with the Fed coming up next week–who knows what will. And if I were in the betting mood I’d be leaning more toward gold and NUGT going up after the Fed (thinking they won’t raise) but I’m not even going there. Can’t make any promises next week though.

Sold $DUST Jan 20 2017 60 call @ 6.20. Highest strike in January.

I am now short the highest strike (60) in Oct, Nov, Dec and Jan with small positions. Hoping we get higher strikes next week.

To avoid assignment, bought to close $NUGT Sep 16 19 puts @ .95. Sold for 1.18 on 8/25.

Sold $DUST Dec 16 60 call @ 4.00. Highest strike.

Sold $DUST Nov 18 60 calls @ 3.02. Highest strike.

Going the other way on gold, starting small.
Sold $DUST Oct 21 60 calls @ 1.20. Highest strike in Oct.

Sold the following at the highest strikes:
$NUGT Oct 14 (weekly) 35.00 calls @ 1.20
$NUGT Nov 18 46.00 calls @ 1.25

Sold $NUGT Nov 18 35 calls @ 1.25. Because of all the volatility, if GDX gets back to its high, 3x of this would bring NUGT to around 32 (and that’s if it went straight up which of course it wouldn’t). So selling some calls near the all time high on the thesis that even with a big move back up in gold and the miners to their recent highs, the headwinds on triple-leveraged NUGT will keep it from getting there as well.

Executed the following rolls (puts to calls) to get out of the way of this downward spiral.
Rolled NUGT Sep 16 22 puts out to Jan 20 21 calls for .19 credit
Rolled NUGT Sep 16 21 puts out to Dec 16 21 calls for .30 credit

Bought to close Dec 16 220 call @ 9.00. Sold for 36.00 on 7/5.

Rolled $NUGT Aug 26 135 puts down and out to Sep 16 125 puts for 2.35 credit.

Sold $NUGT Oct 21 90 puts @ 5.70 as a hedge against short calls.

Bought to close $NUGT Sep 16 250 call @ .65. Sold for 6.00 on 7/27.

Took this week’s 140 put hedge off for about 50% max profit with NUGT in freefall.
Bought to close $NUGT 8/19 140 puts @ 1.60. Sold for 3.36 on 8/9.

Bought to close $NUGT Aug 19 142/210 strangles @ 1.50. Sold for 4.00 on 8/11. Executing my plan of taking the trade off at 50% of max profit or better.

Rolled $NUGT Aug 19 135 puts up and out to Aug 26 140 puts for 2.91 credit. I’m continuing to bring in premium against my Aug 19 in the money short 130 calls.

Sold $NUGT Aug 19 142/210 strangles @ 4.00

Sold $NUGT Sep 2 120 puts (delta 10) @ 3.10. This is additional hedging against my large short call position in September.

Rolled $NUGT Aug 26 110 puts up to 135 puts for 2.51 credit.

Rolled $NUGT Aug 19 125 puts up to 140 puts for 2.10 credit. Went from 7 delta to 18 delta.

Decided to close these positions at a profit and release the buying power. I have plenty of exposure to this ticker so I don’t need to bleed this week’s theta.

Bought to close $NUGT Aug 12 200 calls @ .35 (sold for 1.50 on 7/26)
Bought to close $NUGT Aug 12 155 puts @ 4.10 (sold for 6.30 on 8/2)

Taking this week’s strangle off for a small profit. Just taking some risk off since I’m overweight this ticker.

Bought to close $NUGT Aug 5 100/170 strangles @ 5.43. Sold for 5.86 on 7/22.

Rolled Aug 19 110 puts up to Aug 19 125 puts for 2.20 credit.

Sold $NUGT Jan 20 2017 250 call @ 30.00

Sold $NUGT Dec 16 250 call @ 18.50. Highest strike in December.

Replacing the call side of the strangle I just closed, 2 weeks further out and 25 points higher.

Sold $NUGT Aug 12 200 calls @ 1.50

Closing this week’s strangle for close to 75% max profit. Don’t want to wait for the last 25% with the FOMC coming up tomorrow.

Bought to close $NUGT Jul 29 105/175 strangles for .85. Sold for 3.10–legged into on 7/20 and 7/21.

Sold $NUGT Aug 5 100/170 strangles @ 5.86. 70 points wide with NUGT at 135.60.

Bought to close $NUGT Aug 12 210 call for 2.00 (sold for 10.00 on 7/5)
Bought to close $NUGT Aug 19 250 call for 1.15 (sold for 7.00 on 7/13)

Selling calls to create a strangle with the 105 puts I sold yesterday. Sold $NUGT Jul 29 175 calls @ 1.30.