$DUST STC Oct 7 $50 call for 0.15, sold yesterday $2.95, look for next weeks calls to sell, unless stock rallies over $50 again.
Category Archives: Contango ETFs
$NUGT STC todays 13 put…
$NUGT STC todays 13 put for $1.70, bought for 0.05 as part of losing 17/13 BuPS, so some recovery from max loss.
DUST closed and sold calls
#ContangoETFs
BTC $DUST Oct 7th 50 call for .50. Sold for 1.475 (avg price) on Tuesday.
STO $DUST Oct 21st 60 call for 2.00.
Still have another 50 call that’s expiring today. Will look to close or roll as day progresses.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT OCT 14 2016 11.0 Puts @ 0.45, replacing the puts I just covered for this week.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close all my NUGT Oct 7 2016 12.0 Puts @ 0.05. They can’t trade any lower and I don’t trust the stock to stay up all day.
Some Trades
STO
$SPX 11/4 2260/2235 BECS @ 1.20
$SPX 11/4 1985/2010 BUPS @ 1.20
$DUST 12/16 60 call
$NUGT 10/21 12 put
$OPHT 10/21 45 put
BTC
$NUGT 11/4 29 call @.10 Sold 9/29 @ .80
$NUGT 1/20/2017 50 call @ .50 Sold 7/29 @ 31.50
$SPX 10/14 2245/2220 BECS @ 83% profit
$SVXY 1/20/2017 30 put @ .60 Sold 1/11 @ 6.60
Taking off some more NUGT calls
Continuing to take positions off near max profit to reduce exposure.
Bought to close $NUGT Nov 18 21 calls @ .40. Sold for 3.95 on 8/30.
Bought to close $NUGT Dec 13.60 calls @ 2.00. Sold for 20.60 as a rollout on 8/3.
$DUST calls–1 day trade
Sold $DUST Oct 7 60 calls @ .50 with the stock at 50.07. Expires tomorrow.
UVXY and NUGT
Had some GTC orders fill:
Today BTC UVXY Oct21’16 35 CALL @ 0.10, sold for 2.40 on 9/9/16.
Yesterday BTC NUGT Oct28’16 21 CALLS @ 0.20, sold for 1.20 on Monday.
NUGT-a current picture of volatility drag
Volatility drag, volatility tax, slippage or whatever else we call it shows up in leveraged ETFs and becomes more apparent the longer the timeline. But the recent implosion in $NUGT is allowing us to see how this effect can play out in a shorter time window:
Using the instrument from which $NUGT is derived, $GDX, if you measure the % gain it would have to achieve to get back to its highs (from around 23.70 right now to about 31.80 on 8/11-8/12) it calculates to around 34%.
If you take 3x the 34% (=102%) that would only get $NUGT back to around 26.25, nowhere near its corresponding high from 8/11-8/12 of 35.80. For NUGT to get back to its August highs from its current level around 13, it would need to add 175%.
This is one of the reasons I’ve been aggressively selling calls at strikes near the August highs on big moves up. It will be very difficult (and will require a much bigger corresponding move in gold and the miners) for $NUGT to challenge old highs.
$NUGT closing my BuPS Oct…
$NUGT closing my BuPS Oct 07 17/13 for complete loss.
Closing some NUGT weekly calls early
Bought to close $NUGT Nov 4 29.00 calls @ .10. Sold for .85 on 9/28.
Bought to close $NUGT Nov 11 29.50 calls @ .10. Sold for 1.00 on 9/30.
Waiting for higher DUST strikes
In the meantime, I just sold some of the pre-split in Jan 2018, at the highest strike available (30, or the equivalent of 150 post-split with DUST at 48.50.
Sold $DUST2 Jan 19 2018 30.00 calls @ 1.50
$NUGT #ShortPuts – GLD is…
$NUGT #ShortPuts – GLD is actually flat on the day and GDX is only off a few cents after it’s morning rally failed.
Sold NUGT Oct 21 2016 10.0 Puts @ 0.55
Sold NUGT Nov 18 2016 9.0 Puts @ 0.85
$NUGT #ShortPuts – sold these…
$NUGT #ShortPuts – sold these when NUGT broke back under 13 after it’s small morning rally –
Sold NUGT Oct 7 2016 11.0 Puts @ 0.30 – these expire Friday
Sold NUGT Oct 28 2016 10.0 Puts @ 0.70
Sold NUGT Nov 4 2016 10.0 Puts @ 0.90
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Dec 16 2016 52.0 Calls @ 0.05. They can’t trade any lower.
Sold on 8/26 @ 1.45.
DUST added
#ContangoETFs Added another DUST Oct 7th 50 call, sold for 1.85 right before bell, at the high of the day.
$NUGT #ShortPuts #IRA –NUGT continues…
$NUGT #ShortPuts #IRA –NUGT continues to fall. Now below 13.
NUGT OCT 7 2016 11.0 Puts @ 0.25
NUGT OCT 14 2016 11.0 Puts @ 0.55
NUGT OCT 28 2016 10.0 Puts @ 0.60
Closing NUGT calls
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).
DUST takes the reigns from NUGT
#ContangoETFs looks like these two might be changing hands as to which has the better action.
STO DUST Oct 7th 50 call for 1.10
#TopoftheChain :
STO DUST Nov 18th 60 call for 3.50
STO Dust Dec 16th 60 call for 5.40
$NUGT #ShortPuts #IRA – Added…
$NUGT #ShortPuts #IRA – Added to positions sold this morning
NUGT OCT 21 2016 11.0 Puts @ 0.50
NUGT OCT 14 2016 12.0 Puts @ 0.55
NUGT OCT 7 2016 13.0 Puts @ 0.65
$DUST
STO Oct 07 $43.5 call for $2 on pop up last hour.
$NUGT #ShortPuts #IRA – sold…
$NUGT #ShortPuts #IRA – sold these cash backed Puts this morning
NUGT OCT 21 2016 11.0 Puts @ 0.30
NUGT OCT 14 2016 12.0 Puts @ 0.40
NUGT OCT 7 2016 13.0 Puts @ 0.35
Closed Early
Getting cowardly
$NUGT 10/21 24 put @5.20 Sold for 7.31 9/1
$SPX 2265/2240 BECS @ 89% profit
$SPX 2025/2050 BUPS @ 91% profit
$SPX 2240/2215 BECS @ 89% profit
$IBM 10/21 165 call @ 75% loss
$GOOGL 10/21 810 call @ 35% loss
Have a restful weekend
Options Expiration 9/30/15
–Expiring —
$SPX 2185/2205 call spreads
$SPX 2210/2235 call spreads
$NUGT 16 puts
–Full Loss–
$NKE 53/55/57 iron butterfly
#OptionExpiration #Weeklys #Sep30 – If…
#OptionsExpiration #Weeklys #Sep30 – If the market had stayed weak for one more day it would have been more profitable, but the $DB news panic only lasted 24 hours. The VIX collapsed on Friday (again).
No assignments this week as I rolled the few #ITM positions up and out.
— Expirations —
ALXN Weekly Sep 30 2016 110 Puts
CF Weekly Sep 30 2016 30 Calls (Covered)
DUST Weekly Sep 30 2016 35 Calls
FCX Weekly Sep 30 2016 9.5 Puts
NKE Weekly Sep 30 2016 51 Puts (Earnings Play)
NKE Weekly Sep 30 2016 51.5 Puts (Earnings Play)
NKE Weekly Sep 30 2016 59 Calls (Earnings Play)
NUGT Weekly Sep 30 2016 14 Puts
SVXY Weekly Sep 30 2016 40 Puts
SVXY Weekly Sep 30 2016 80 Calls (Covered)
UVXY Weekly Sep 30 2016 21 Calls (Covered)
UVXY Weekly Sep 30 2016 22 Calls (Covered)
UVXY Weekly Sep 30 2016 22.5 Calls (Covered)
UVXY Weekly Sep 30 2016 23 Calls (Covered)
UVXY Weekly Sep 30 2016 23.5 Calls (Covered)
UVXY Weekly Sep 30 2016 24 Calls
UVXY Weekly Sep 30 2016 24.5 Calls
UVXY Weekly Sep 30 2016 25 Calls
UVXY Weekly Sep 30 2016 25.5 Calls
UVXY Weekly Sep 30 2016 26 Calls
UVXY Weekly Sep 30 2016 27 Calls
UVXY Weekly Sep 30 2016 30.5 Calls
WYNN Weekly Sep 30 2016 75 Puts
NUGT…again
Rolled 18.5 short calls out another week for .75 credit. Still inverted against monthly 26 puts and still selling at a 3 call per 2 put ratio. I hope NUGT stays right here forever!
NUGT calls
Sold $NUGT Nov 11 (weekly) 29.50 calls @ 1.00
Closing some NUGT calls
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.
NUGT popping again
Sold $NUGT Nov 4 (weekly) 29 calls for .85. Initial position at the highest strike in the 11/4 weekly series.
NUGT
BTC NUGT Oct07’16 25 CALL @ 0.10, sold for 1.20 on 9/22
Closed Early
BTC $NUGT 12/16 50 call @ .40 Sold in July for 21.90.
BTC $TWTR $21 10/21 covered call 10.9% return for less than month
BTC $SPX 9/30 2025/2050 BUPS @ 91% profit
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Oct 7 2016 16.0 Puts @ 65 with the stock at 18.0
Options Expiration 9/23/16
#OptionsExpiration It’s been a good month with the small correction backing me out of pressured call positions. But still got stuck paying up to close one yesterday that would have expired worthless today.
— Expiring w/max gain —
NUGT 18 puts
NUGT 25 and 30 calls
SPX 2090/2065 put spreads. Sold for 1.70 on Wednesday
SPX 2110/2235 call spreads. Sold for 4.75 on Sept 2nd
— Expiring w/max loss —
TLT 138 long calls
#OptionsExpiration #Weeklys #Sep23 – A…
#OptionsExpiration #Weeklys #Sep23 – A good week for expiring options. I only had to roll a couple of $SVXY short calls up and out and my biggest position (SVXY 75.0 Calls sold @ 4.38 on a rollup) expired today.
I continue to agressively over-write $UVXY calls against some long stock but fear that the stock losses will overtake the weekly options gains eventually.
DUST (Weekly) Sep 23 2016 38 Calls
MRO (Weekly) Sep 23 2016 16.5 Calls (Covered)
MYL (Weekly) Sep 23 2016 41 Puts
NUGT (Weekly) Sep 23 2016 15 Puts
SVXY (Weekly) Sep 23 2016 45 Puts
SVXY (Weekly) Sep 23 2016 50 Puts
SVXY (Weekly) Sep 23 2016 75 Calls (Covered)
SVXY (Weekly) Sep 23 2016 76 Calls (Covered)
SVXY (Weekly) Sep 23 2016 77 Calls (Covered)
UVXY (Weekly) Sep 23 2016 25 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26.5 Calls (Covered)
UVXY (Weekly) Sep 23 2016 27 Calls (Covered)
UVXY (Weekly) Sep 23 2016 30 Calls
UVXY (Weekly) Sep 23 2016 30.5 Calls
UVXY (Weekly) Sep 23 2016 31 Calls
UVXY (Weekly) Sep 23 2016 31.5 Calls
UVXY (Weekly) Sep 23 2016 32 Calls
UVXY (Weekly) Sep 23 2016 32.5 Calls
UVXY (Weekly) Sep 23 2016 33 Calls
UVXY (Weekly) Sep 23 2016 34 Calls
UVXY (Weekly) Sep 23 2016 35 Calls
UVXY (Weekly) Sep 23 2016 40 Calls
UVXY (Weekly) Sep 23 2016 45 Calls
NUGT calls closed
#ContangoETFs BTC NUGT Sept 30th 25 calls for .20. Sold for 1.00 on 9/16.
Thrilling day!
NUGT roll
Still rolling this inverted position and still collecting nice weekly premium…
Rolled Sep 23 18.5 calls out to Sep 30 18.5 @ .34 credit.
These are against Oct monthly 26 puts at a 3/2 ratio now (3 calls per 2 puts). Considering on my next roll going out to Oct monthly and higher to hopefully get the calls to expire. At that point I could do an aggressive roll down of the ITM puts to strangles. That would be a big step in finally getting out of this. In the meantime…cash coming in every week.
NUGT
Earlier today, STO NUGT Oct07’16 25 CALLS @ 1.2 (covered). Wish I’d a sold em at the opening bell… Oh well.
Also just now, STO NUGT Oct21’16 18 PUTS @ 1.00.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT OCT 21 2016 36.0 Calls @ 0.55 with the stock at 23.69
and Sold 1 NUGT MAR 17 2017 52.0 Call @ 2.40 (Top of the Chain)
Thar’s gold in dem thar hills
#ContangoETFs STO NUGT Oct 7th 23 call for 1.25
STO NUGT Oct 25th 25 call for 1.25
#CoveredCalls STO RGLD 82.5 covered call for 2.35, adding to my position
NUGT bought to cover half…
NUGT bought to cover half my short position, from short weekly $17 call at $18.30. Net gain with premium collected $1/share.
NUGT I got called away…
NUGT I got called away on a naked $17 call last Friday in an IRA. So I have a day or so to buy to cover. Anything below $19.40 is profitable. Keeping my eye on the pullbacks today.
NUGT
BTC NUGT Sep23’16 25 CALLS @ 0.15, sold for 1.20 on 9/2/16. These were covered, gonna sell calls again after the big announcement hits on Wednesday.
#OptionsExpiration for September 16 A…
#OptionsExpiration for September 16
A lighter than normal monthly expiration for me. I either closed a lot of positions early or rolled them over the last few weeks.
Expiring:
$AMZN 09/16/2016 825 calls (covered)
$AMZN 09/16/2016 850 calls (covered)
$AMZN 09/16/2016 740 puts
$NFLX 09/16/2016 100 calls
$NUGT 09/16/2016 25 calls
$NUGT 09/16/2016 42 calls
$SVXY 09/16/2016 60 puts
$SVXY 09/16/2016 40 puts
$UVXY 09/16/2016 29 calls
$UVXY 09/16/2016 40 calls
$UVXY 09/16/2016 56 calls
$WYNN 09/16/2016 95 puts (covered)
Assignments
$SVXY 09/16/2016 60 calls–some of my stock being called away. I will write more puts on the next move down.
Have a great weekend everyone.
#OptionsExpiration #Sep16 #Monthlys – no…
#OptionsExpiration #Sep16 #Monthlys – no assignments this week and some SVXY short Calls finally expired.
YEAH !!
— Expirations —
GILD Sep 16 2016 70 Puts
NUGT Sep 16 2016 14 Puts
NUGT Sep 16 2016 16 Puts
NUGT Sep 16 2016 17 Puts
SVXY Sep 16 2016 30 Puts
SVXY Sep 16 2016 34 Puts
SVXY Sep 16 2016 35 Puts
SVXY Sep 16 2016 36 Puts
SVXY Sep 16 2016 37 Puts
SVXY Sep 16 2016 38 Puts
SVXY Sep 16 2016 39 Puts
SVXY Sep 16 2016 40 Puts
SVXY Sep 16 2016 50 Puts
SVXY Sep 16 2016 54 Puts
SVXY Sep 16 2016 55 Puts
SVXY Sep 16 2016 60 Puts
SVXY Sep 16 2016 70 Calls (Covered)
SVXY Sep 16 2016 75 Calls (Covered)
SWN Sep 16 2016 15 Calls (Covered)
TRIP Sep 16 2016 55 Puts
TWLO Sep 16 2016 70 Calls
UVXY Sep 16 2016 23 Calls (Covered)
UVXY Sep 16 2016 24 Calls (Covered)
UVXY Sep 16 2016 25 Calls (Covered)
UVXY Sep 16 2016 29 Calls
UVXY Sep 16 2016 29.5 Calls
UVXY Sep 16 2016 30 Calls
UVXY Sep 16 2016 31 Calls
UVXY Sep 16 2016 32 Calls
UVXY Sep 16 2016 33 Calls
UVXY Sep 16 2016 34 Calls
UVXY Sep 16 2016 35 Calls
UVXY Sep 16 2016 36 Calls
UVXY Sep 16 2016 37 Calls
UVXY Sep 16 2016 38 Calls
UVXY Sep 16 2016 39 Calls
UVXY Sep 16 2016 40 Calls
UVXY Sep 16 2016 41 Calls
UVXY Sep 16 2016 42 Calls
UVXY Sep 16 2016 45 Calls
UVXY Sep 16 2016 46 Calls
UVXY Sep 16 2016 55 Calls
UVXY Sep 16 2016 56 Calls
OptionsExpiration
$NUGT $28 calls (last of my $NUGT positions)
$SVXY $35 puts (sold during Brexit spike @ $2.30, should have sold lots more)
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30 calls
$UVXY $32 calls
$UVXY $55 calls
Nicely profitable week, a bunch of $UVXY contracts rolling off so in very good shape going into next week. A lot of dry powder, likely get a chance early next week to put money to work.
Have a great weekend everyone. #optionsexpiration
A few trades today…
#Earnings #CoveredPuts STO $FB Oct 7th 125 covered put for 1.10
#VXXGame BTC $UVXY Oct 21st 55 call for .84. Sold for 4.25 on Aug 2nd.
#ContangoETFs BTC $NUGT Sept 16th 23 puts for 4.45 and 5.20. Sold for 1.45 on Aug 26th.
Rolled to: Sept 30th 16 puts for 1.00, and waiting for fills on others.
Closing next week’s NUGT calls
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.
Adding DUST call in Jan
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.
NUGT calls
Replacing a batch expiring today…still fighting my way out of this last split.
Sold NUGT SEP 23 2016 18.5 Calls @ 1.32
Selling these against DITM Oct 26 puts at a 2 for 1 ratio. Used about half the proceeds for this:
Bought to Close NUGT OCT 21 2016 26.0 Put @ 9.30
Considering rolling some of the Oct 26 strike puts out to Nov strangles at much lower strikes…is that a feasible idea?
NUGT BTC Sept 16 19…
NUGT BTC Sept 16 19 call for 0.05, sold yesterday for 0.95, watching my 17 and 18 calls for cheap exit
Closing NUGT puts
To avoid assignment, bought to close $NUGT Sep 16 19 puts @ .95. Sold for 1.18 on 8/25.
$DUST #ShortCalls #Rollup – rolled…
$DUST #ShortCalls #Rollup – rolled this speculative position out another couple of weeks.
Bought to close DUST Sep 16 2016 32.0 Calls @ 5.50
Sold DUST Sep 30 2016 35.0 Calls @ 5.60 – gained 3 points on the strike price.
At least my NUGT short Puts will expire today
Volatility
I am trying to find a low risk method of trading the FOMC-induced volatility next week. A short or long straddle may be the best choice. If long this may be the best time to buy. Perhaps waiting until Tuesday to sell premium is the best timing and UVXY and NUGT are volatile instruments.
Has anyone else given this thought?
NUGT
sold stock for small loss 19.51 – 19.25, BeCS still in place and should more than cover the loss.
NUGT
buy stock 19.51, sell BeCS Sept 16 19/24 for 0.90. I put a trailing stop on stock in case of reversal. Otherwise I’ll treat like a buy write. ROI 2% for a couple of days risk.
NUGT STC Sept 16 BeCS…
NUGT STC Sept 16 BeCS 18/24 for $1.05 after selling this morning for $2. I am concerned we may get a bounce tomorrow after the big drop today.
NUGT STO BeCS Sept 16…
NUGT STO BeCS Sept 16 $18/24 calls for net $2 early this morning, wish I sold more.
DUST STO Sept 16 $39…
DUST STO Sept 16 $39 call for $1 (covered), earlier this morning – should have waited :+)
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Sep 30 2016 14.0 Puts @ 0.60 with the stock at 18.56
NUGT
STO October 21, 15 puts @1.40
DUSTing off Dec
Sold $DUST Dec 16 60 call @ 4.00. Highest strike.
DUST calls
Sold $DUST Nov 18 60 calls @ 3.02. Highest strike.
NUGT
closing Sept 09 $17 call for much better price than earlier this week. I rolled to Sept 16 $17 call for 0.25, closing SVXY $Sept 16 $60 calls for $9.40 after selling for $11.10 weeks ago. Didn’t think I’d break even/ smallish profit on this one.
Sell NUGT assigned from $17 call for $19.33. I sold option for $2.40 so another break-even relief.
Options Expiration
$NUGT $26 calls
$SVXY $58 puts
$UVXY $34 calls
$UVXY $58 calls
I was getting very low on open positions, thus this weeks expiration is very light. Next week looks to be getting sporty for the #VxxGame.
Have a great weekend everyone.
#optionsexpiration
#OptionsExpiration #Weeklys #Sep09 – No…
#OptionsExpiration #Weeklys #Sep09 – No assignment this week as I rolled any at risk options into later weeks.
Big Monthly expiration next week.
— Expirations —
NUGT (Weekly) Sep 9 2016 15 Puts
NUGT (Weekly) Sep 9 2016 17 Puts
UA (Weekly) Sep 9 2016 34 Puts
UVXY (Weekly) Sep 9 2016 35 Calls
UVXY (Weekly) Sep 9 2016 35.5 Calls
UVXY (Weekly) Sep 9 2016 40 Calls
UVXY (Weekly) Sep 9 2016 50 Calls
UVXY (Weekly) Sep 9 2016 45 Calls
UVXY (Weekly) Sep 9 2016 58 Calls
$DUST calls
Going the other way on gold, starting small.
Sold $DUST Oct 21 60 calls @ 1.20. Highest strike in Oct.
SVXY
Closed my Sept 23rd 76.50 Covered Call for a 2.75 profit offsetting the loss on the SPX spread.
$NUGT
Option premiums have really dried up since the split. Given how much this thing can move in 3 or 4 days, I’m just not likely to be entering new options positions. Will probably only look to enter positions when it gets to an extreme.
NUGT
STO October 21, 30 call @1.90
NUGT stock sold
#ContangoETFs Sold to close NUGT stock for 25.00. Assigned via 22 puts on 8/26.
NUGT calls
Sold the following at the highest strikes:
$NUGT Oct 14 (weekly) 35.00 calls @ 1.20
$NUGT Nov 18 46.00 calls @ 1.25
NUGT calls added
#ContangoETFs Quite a different week shaping up for NUGT.
STO NUGT Oct 7th 30 calls for 1.50
Expirations
$UVXY 25 call
$STX 32 put
$TWLO 53 put
$UVXY 25 call
$NUGT 17 call
$SPX 2100/2125 BUPS (Thank you Jeff)
$SPX 2105/2130 BUPS (Thank you Jeff)
Assigned
$NUGT 19 call (Basis 26.5) Gold is starting to tarnish for me. I am an anti-alchemist!
Earnings
$AVGO 172.5/177.5 (1.07 loss per contract)
Options Expiration
Light week this week. My open positions keep burning down and cash position keeps growing. Looks like the next catalyst might be the FED meeting.
$NUGT $27 calls
$NUGT $52 calls
$SVXY $58 puts
$UVXY $27 calls
$UVXY $40 calls
$UVXY $58 calls
Have a great weekend everyone.
Options Bistro 