#OptionsExpiration for Sep 2
A light week.
Expiring:
$NUGT 09/02/2016 17 puts
$SVXY 09/02/2016 59 puts
$UVXY 09/02/2016 58 calls
No assignments.
Have a great, restful long weekend everyone.
Category Archives: Contango ETFs
#OptionsExpiration #Weeklys #Sep02 – A…
#OptionsExpiration #Weeklys #Sep02 – A profitable week with Gold and Volatility strangles front and center again. An earnings trade on $LULU worked.
Raised even more cash in some IRA accounts.
— Expirations —
CF (Weekly) Sep 2 2016 20 Puts
LULU (Weekly) Sep 2 2016 65.5 Puts
LULU (Weekly) Sep 2 2016 67.5 Puts
MRO (Weekly) Sep 2 2016 16 Calls
NUGT (Weekly) Sep 2 2016 16 Puts
NUGT (Weekly) Sep 2 2016 17 Puts
NUGT (Weekly) Sep 2 2016 18 Puts
NUGT (Weekly) Sep 2 2016 26.7 Calls
SVXY (Weekly) Sep 2 2016 40 Puts
SVXY (Weekly) Sep 2 2016 55 Puts
SVXY (Weekly) Sep 2 2016 55.5 Puts
SVXY (Weekly) Sep 2 2016 56 Puts
SVXY (Weekly) Sep 2 2016 56.5 Puts
SVXY (Weekly) Sep 2 2016 57 Puts
SVXY (Weekly) Sep 2 2016 57.5 Puts
SVXY (Weekly) Sep 2 2016 58 Puts
SVXY (Weekly) Sep 2 2016 58.5 Puts
SVXY (Weekly) Sep 2 2016 59 Puts
SVXY (Weekly) Sep 2 2016 60 Puts
TWLO (Weekly) Sep 2 2016 53 Puts
UVXY (Weekly) Sep 2 2016 30 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 31 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 32 Calls
UVXY (Weekly) Sep 2 2016 32.5 Calls
UVXY (Weekly) Sep 2 2016 33 Calls
UVXY (Weekly) Sep 2 2016 44 Calls
UVXY (Weekly) Sep 2 2016 58 Calls
UVXY(ns) (Weekly) Sep 2 2016 12 Calls
XOM (Weekly) Sep 2 2016 85 Puts
— Assignments —
DUST(ns) (Weekly) Sep 2 2016 6.5 Calls (Covered) – profitable
MYL (Weekly) Sep 2 2016 44 Puts – going long some stock/IRA
SVXY (Weekly) Sep 2 2016 62 Calls (Covered/IRA) – profitable
SVXY (Weekly) Sep 2 2016 65 Calls (Covered/IRA) – profitable
$NUGT
I held on too long, rolling Sept 02 17/36 BeCS to Oct 21 19/36 BeCS for 0.10 db and Sept 02 18/36 BeCS to Sept 16 19/34 BeCS for 0.25 db. Prices sure looked better Wed and Thurs morning.
NUGT sold Sept 16 22…
NUGT sold Sept 16 22 put for 215
NUGT closing
#ContangoETFs BTC NUGT Sept 2nd 21 puts for .10, to avoid possible assignment.
NUGT covered calls
Completely forgot that I wanted to sell some calls earlier. Oh well, everyone can’t be Iceman. Maybe one day…STO 5 NUGT Sep23’16 25 CALLS @ 1.20 These are covered.
NUGT experiment
Rolled 18 strike inverted calls out to Sep monthly 18.5 for .15 credit. These are inverted against Oct monthly 26 puts at a 3 to 2 ratio (more calls than puts). Gives overall position right now of a slightly short delta. Small margin required and pretty stable on any big moves.
Goal is to get un-inverted at some point. Still preserving a few K of gains that initially were huge losses with ITM short calls back during the NUGT run from about 50 to 170.
$NUGT
Looks like I should have been a bit more aggressive this morning. Rolling over again now and premiums have cratered.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT March 17 2017 52.0 Call @ 2.10. Highest available strike
$NUGT
Nibbled a little, waiting to see if the move higher holds before anymore trades
STO Sept 9 $26 Calls @ $0.30
STO Sept 16 $28 Calls @ $0.45
$DUST #ShortCalls #Rollup – made…
$DUST #ShortCalls #Rollup – made some money on the short calls and I’m rolling the position up 5 points and out of the money
Bought to close DUST Sep 2 2016 33.0 Calls @ 1.37 (Originally sold @ 2.30)
Sold DUST Sep 23 2016 38.0 Calls @ 1.92
NUGT Put
#ContangoETFs $NUGT BTC Sept 2 17.0 Put for 0.14. STO for 0.56 on 8/31/16. I’m at a beginner option trading level, and even though there is an 82% probability of this trade expiring worthless tomorrow, I’m choosing to take my profits and move to the next trade.
$NUGT #ShortPuts – sold all…
$NUGT #ShortPuts – sold all these just after NUGT turned higher
NUGT Sep 2 2016 18.0 Puts @ 0.95
NUGT Sep 9 2016 17.0 Puts @ 0.95
NUGT Sep 16 2016 16.0 Puts @ 0.95
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 MAR 17 2017 12.0 Call @ 2.10 adding to my position. This is the old pre split contract
More NUGT rolling
#ContangoETFs BTC NUGT Sept 2nd 21 put for 2.10 and Sept 16th 23 put for 4.60.
STO Sept 30th 25 calls for 1.35. More rolling to come.
NUGT calls
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.
I’m thinking of doing a…
I’m thinking of doing a NUGT trade Oct 16 $14 put for 1.15 cr? Please tell me your thoughts on this trade. I have just started trading NUGT.
$NUGT
ROLLED $NUGT 9/8 24 put to 10/21 24 put for 1.87 credit.
NUGT adjust
After using weekly call premium to buy in some DITM puts I’ve got room to roll down and add a contract to get a better lowering of the strike. Taking advantage of the little pop today.
Rolled Sep 31 and 32 puts to Oct 26 puts at 2/3 ratio getting 1.50 credit. (bought 2 and sold 3). This increases my max loss if NUGT goes to zero tomorrow but I’m planning on buying those 2 extra ones back in at some point. I’ll slightly over write the calls for the next few weeks…
NUGT rolls
#ContangoETFs BTC Sept 2nd 21 put for 2.60, and Sept 16th 23 put for 5.00. These are ITM and starting to unwind them. I had 5 contracts on each (from the split), doing one at a time. Will look to #ReverseRoll or #StrangleRoll.
Some Trades
STO $TWLO 9/2 53 put @ 1.50
STO $ETE 9/23 17.5 put @ .5
STO $SPX 9/2 2105/2130 BUPS @ 1.20 Thanks Jeff
BTC $NUGT 9/2 24 put @ 6.20 (Lost 100%) – Rolling not practical to me)
STO $GIMO 9/16 45 put @ 2.00
NUGT Roll Damnage Control
Earlier today when the boss wasn’t looking: BTC NUGT Sep02’16 24 PUT @ 5.9 then STO NUGT Sep23’16 19 PUT @ 3 (doubled the number of contracts so collected an extra 0.10 in premium). Over at OMM yesterday Dan went long a put in ABX so maybe the bottom is about in on NUGT… No offense to you DANilonians 😂
$NUGT #shortputs STO Sep 2…
$NUGT #shortputs STO Sep 2 2016 17.0 Put @ 0.56. Following Iceman’s trade from yesterday.
SOME TRADES: Haven’t traded $NUGT…
SOME TRADES: Haven’t traded $NUGT in a few months, so wanted to give it whirl again, paying to learn. I fat fingered the Put, should have been for 9/2/16 expiration. ;>)
$NUGT STO 9/2/16 19.0 CALL @.55
$NUGT STO 9/9/16 16.0 PUT @.65
$NUGT
For all intents and purposes, $NUGT has now been cut in half in the past 3 weeks. 36 to 18.
Some Trades
STO $LN 9/16 40 put @ .85
STO $NUGT 9/2 17 call @ .55
STO $NUGT 9/2 19 call @1 (covered)
STO $BMY 12/16 55 put @ 1.67
STO $UVXY 9/9 23 call @.65
STO $SVXY 9/23 put @ 1.25
BTO $FB 10/21 125 call @ 4.5
STO $FB 10/21 120/125 BUPS @1.6
STO $CMG 9/16 405/410 BUPS @1.4
STO $SPX 9/30 2025/2050 BUPS @1.5
Thanks to everyone for their assistance.
$NUGT
If $GDX falls more, the next strong tech support I see is a high volume node at about $24 – about 7% lower, which I guess would be 21% lower for $NUGT. Gold futures might find trendline support about 1.3% lower, if they break fib symmetry at about $1308.
I’m finding a cluster of fib symmetry on GDX just under today’s close, to about $25.11
I’ll look to sell NUGT calls if GDX can claw its way back up to $26.30 26.60.
Thanks to all who share your ideas on this!
NUGT
close many Sept 02 calls: 20C @ 0.35, sold for 2.00 this morning; 21C @ 0.40, sold for 1.75 yesterday; Sept 09 20C @ $1.00, sold for 4.41. After couple strong days down I expect a small rally and will sell again.
NUGT reverse rolls
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
$NUGT #ShortPuts – Back in…
$NUGT #ShortPuts – Back in it. Sold NUGT Sept 2 2016 17.0 Puts @ 0.35. These should expire Friday
NUGT…rolling and getting smaller
Rolled this week’s short calls down from 20 to 19 for 1.00 credit. Used proceeds to buy back 28, 31, 32 puts that were DITM. Still preserving premium on all the original rolls. So far so good…still concerned a good jobs number on Friday will cause a further drop.
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 Mar 17 2017 12.0 Call @ 1.40 with the stock at 36.74.
This is the old pre-split contract and the effective strike price is 60 on the new stock.
Adding to an existing position since the option only covers 20 shares.
#BPE (new hashtag for Buying power effect) is only 196.11
NUGT
BTC 5 NUGT Sep02’16 26 CALL @ 0.10, sold for 0.40 on Friday. Think I’m gonna wait to sell calls again until after the jobs number on Friday… Maybe the number will be awful and NUGT will shoot for the stars!
NUGT…still reducing size
Using weekly call premium to buy back some DITM puts. By using weekly call sales to buy these back in I’m able to preserve all the premium received over the last few weeks on the put sales and rolls. Would love to see this thing grind around in this area for a month or so.
Bought to Close NUGT SEP 16 2016 28.0 Put @ 7.00
Bought to Close NUGT SEP 16 2016 31.0 Put @ 9.80
$NUGT STO Sept 02 $22…
$NUGT STO Sept 02 $22 for $1.30 and $22.6 for $1.10. If price continues much higher I will want to buy offsetting shares, with a trailing stop in case of reversal.
$NUGT STO Sept 02 $21…
$NUGT STO Sept 02 $21 call for $1.75 earlier this morning. Trying to add $22 and $22.6 for additional premium. I have a long $36 call that I can sell a number of closer priced calls against. I plan to sell a small percentage today, then add various strikes each day until EOD Thursday when I expect to have a full (covered) position.
#OptionsExpiration #Weeklys #Aug26 – an…
#OptionsExpiration #Weeklys #Aug26 – an interesting week and a volatile expiration day.
Despite the midweek drop in $NUGT my puts stayed just far enough out of the money to expire. $SVXY set a slightly higher YTD high on Friday, only to get crushed in the afternoon. I let more stock go in IRA accounts to raise even more cash.
— Expired —
CF (Weekly) Aug 26 2016 20.5 Puts
NUGT (Weekly) Aug 26 2016 16 Puts
NUGT (Weekly) Aug 26 2016 17 Puts
NUGT (Weekly) Aug 26 2016 18 Puts
NUGT (Weekly) Aug 26 2016 19 Puts
NUGT (Weekly) Aug 26 2016 20 Puts
NUGT (Weekly) Aug 26 2016 21 Puts
NUGT (Weekly) Aug 26 2016 21.6 Puts
NUGT (Weekly) Aug 26 2016 43 Calls
SRPT (Weekly) Aug 26 2016 10 Puts
SRPT (Weekly) Aug 26 2016 41 Calls
TIF (Weekly) Aug 26 2016 54 Puts
TIF (Weekly) Aug 26 2016 55 Puts
SVXY (Weekly) Aug 26 2016 57.5 Puts
SVXY (Weekly) Aug 26 2016 68 Puts
SVXY (Weekly) Aug 26 2016 71 Puts
UVXY (Weekly) Aug 26 2016 25 Calls
UVXY (Weekly) Aug 26 2016 25.5 Calls
UVXY (Weekly) Aug 26 2016 26 Calls
UVXY (Weekly) Aug 26 2016 27 Calls
UVXY (Weekly) Aug 26 2016 28.5 Calls
UVXY (Weekly) Aug 26 2016 38 Calls
UVXY (Weekly) Aug 26 2016 39 Calls
UVXY (Weekly) Aug 26 2016 40 Calls
UVXY (Weekly) Aug 26 2016 45 Calls
UVXY (Weekly) Aug 26 2016 55 Calls
UVXY (Weekly) Aug 26 2016 58 Calls
UVXY 20/(Weekly) Aug 26 2016 19 Calls
XOM (Weekly) Aug 26 2016 80 Puts
— Assignments —
DUST 20/(Weekly) Aug 26 2016 6 Calls (Covered)
SVXY (Weekly) Aug 26 2016 59 Calls (Covered)
SVXY (Weekly) Aug 26 2016 60 Calls (Covered)
SVXY (Weekly) Aug 26 2016 63 Calls (Covered)
SVXY (Weekly) Aug 26 2016 66 Calls (Covered)
Options Expiration 8/26/16
— Expiring —
NUGT 36 & 40 calls
SPX 2150/2125 put spreads
— Assignment —
NUGT 22 put – one I forgot to close, so taking some stock
— Full Loss —
DG 93.5/95.5/97.5 call butterfly. Did I say bullish? I meant bearish. .30 loss.
Escrow closes in two weeks. Until then we are staying in a friend’s basement. See you Monday everyone!
Options Expiration
Here are my expirations for this week. If it hadn’t been for the $NUGT meltdown, would have been a pretty good week.
$NUGT $16 puts
$NUGT $38 calls
$NUGT $50 calls
$SVXY $40 puts
$SVXY $45 puts
$UVXY $27 calls
$UVXY $34 calls
$UVXY $58 calls
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT Aug 26 2016 21.8 Puts (the old 109 Puts) @ 0.05 to avoid possible assignment
$NUGT
Sold this morning Sept 16th 18 Puts for 0.60 on a smarty pants idea. Well I closed them out at 1.05 to insure a peaceful weekend.
NUGT escape attempt
#ContangoEYFs was hoping to get out of these at expiration but having to pay a bit for it. Originally sold for 1.20, effective price (pre-split).
BTC NUGT Aug 26th 22 puts for .25, .70, and possibly more for the rest off it keeps dropping.
Meantime, STO NUGT Sept 23rd 18 puts for 1.50.
NUGT….whew!
Can’t believe how lucky I’m getting here. Right at the close yesterday sold a boatload (an NS term…LOL) of 22 strike calls for today @ 1.05. Only in my wildest dreams would I think that 22 would be anywhere close after the “Uncle Janet piehole situation”. Apparently J-hole is a no go but the market is still concerned keeping gold confused. I’m looking to roll staying aggressive with the 22 strike to protect my Sep ITM puts. Building a nice cash cushion here to decide what to do with the puts at Sep expiration.
$NUGT
STO Sept 2 $27 calls @ $0.35
Looking for some additional short term entries. I think there is a lot of resistance to chew through between $22 and $27. Will roll up if needed. Not sure yet if I will pair these off with short puts or not. If $NUGT starts to firm up, I might, otherwise I’m sticking with short calls. I don’t know if $NUGT has a further big short term drop coming as it already has had a sizable one. I just don’t know what the catalyst is for a move much higher. Wednesdays sell off was on very high volume. Thursday’s bounce was on barely average volume and today looks to be another big red high volume candle. So people were selling into strength. If gold drops below $1320’ish, then I think we are looking at another leg lower in the miners.
$NUGT
I missed the whole move while I was in meetings. STC $NUGT $23.5/$25.5 call spreads @ $0.55 (Bought for $0.65 yesterday). This would have been nicely profitable for a while it looks like. But as was my plan, I’m out. Took a shot and only cost me $0.10.
$NUGT
I traded out of my short Aug 26 $28 puts to Sep 09 $20/28 call spread 0.60 db and 1.5:1 size reduction (in IRA), and Sep 16 $20/33 call spread 1:1 size for 0.45 db. I expect NUGT to continue decline eliminating/reducing my giant losses. to be continued…..
$DUST #ShortCalls #Rollup – the…
$DUST #ShortCalls #Rollup – the split complicated matters but this roll was still also slightly cash flow positive.
Bought to close 10 DUST(ns) Aug 26 2016 5.5 Calls @ 0.90
Sold 2 DUST Sep 09 2016 30.0 Calls @ 4.60
This one was harder because it was further in the money.
$DUST #ShortCalls #Rollup – the…
$DUST #ShortCalls #Rollup – the split complicated matters but the roll was still slightly cash flow positive
Bought to close 10 DUST(ns) Aug 26 2016 6.0 Calls @ 0.40
Sold 2 DUST Sep 02 2016 33.0 Calls @ 2.30
NUGT calls
#ContangoETFs Starting to replace the puts I closed earlier: STO NUGT Sept 23rd 30 calls for 1.70.
NUGT
Following Iceman, STO December 52 calls @1.30
Closing Losing Trade before Yellen’s speech.
Thanks, Robert, for helping me with my post’s title…
#ContangoETFs BTC NUGT Sept 9th 24 puts for 2.70. Sold for 1.18, effective price. I have a few short puts near the money, so just closing this strike before she speaks. NUGT has been known to go nuts after Fed.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Dec 16 2016 52.0 Call @ 1.35. Highest available strike.
NUGT inversion update
Sorry about another update…LOL Skip to the next post if you’re sick of these. 🙂 🙂
OK…here we go. Have to admit I wasn’t expecting a 40 percent drop in a week (although I knew it was possible) but here we are. The price fell through my entire inverted and regular strangles obviously putting the puts deep underwater. Due to the upcoming “Uncle Janet piehole situation” I was reluctant to roll down any calls to help with the long deltas so the calls are basically all gone now. I’ll wait for tomorrow and hope for a bounce to sell calls but in the mean time I bought some GDX puts in case the “J-Hole is a go”…LOL
Also today to help a little with the deltas and to simplify things I rolled all the puts out and slightly down so they are all in the same month. (Sep monthly for now). Paid a little debit but that can come out of this week’s call profits.
So currently: (all split adjusted)
Sep 28 puts @ 2.20
Sep 31 puts @ 3.70
Sep 32 puts @ 6.65
Obviously DITM but breakeven is a little lower. My goal now is to keep the premium received so far while getting these puts to a more reasonable level. So what to do? I’ll keep selling the weekly premium but what should I do with it?
1. Pocket it and keep rolling the puts each month? That’s risky the way this thing can tank.
2. Use the premium to roll the puts down each week? Seems reasonable especially if I take them out to October.
3. Use the premium to buy back some puts to reduce size? A possibility for sure.
4. Use one week’s worth of premium and buy some put spreads for protection? Maybe…
5. Close it all for a manageable loss? That would be a lot of work down the drain…LOL
Whaddya guys think? Lesson learned so far is to be careful with the depth of your inversion…although NUGT could just as easily have been at 200 yesterday instead of 100 so it’s toss up there. Sure has been an interesting experiment…so far!
$NUGT
I’m watching $NUGT very closely today, we’ve gotten a bit of a bounce and that is pulling some premium out of my short puts. I’d like to see a more enthusiastic bounce, but without some help from Gold, that’s not going to happen. I only had a small number of puts left. At this point, I’ve made back more than 1/2 of what I lost yesterday. I can close out all of my remaining short puts for about a $2K loss and just get out of the way until after we see what happens tomorrow. Then will re-enter trades as opportunities arise. A $2K loss sucks but I can make that back, just don’t want it to turn into a $5K loss.
As I type this, it looks like Gold is loosing some momentum so I’m going to close out my puts soon.
$NUGT all options were closed…
$NUGT all options were closed last night. My short puts were assigned, calls closed for value.
NUGT call spread closed Sept…
NUGT call spread closed Sept 16 240/250 for 7, sold July 29 for 1.29. Many thanks to you NUGT traders.
INTU closed Intuit earnings iron fly put on yesterday, made $33. INTU went way down after earnings, thought it best to exit.
NUGT
STO December 60 put @6.30
$NUGT #ShortPuts Sold 1 NUGT…
$NUGT #ShortPuts
Sold 1 NUGT AUG 26 2016 90.0 Put @1.38
Sold NUGT AUG 26 2016 85.0 Puts @ 0.75
Sold NUGT AUG 26 2016 80.0 Puts @ 0.36
NUGT
BTC December 185 call @11.10, my cost was 11.24 so I broke even on this one but took the risk off the table.
NUGT
BTC December 250 call @5.80, sold @21.94
NUGT implodes
Wow, total panic selling… 20% down! GDX 6.9% down. GLD only 1.1% down.
Taking some more NUGT off the table
Bought to close Dec 16 220 call @ 9.00. Sold for 36.00 on 7/5.
NUGT…rumor
Heard they were announcing a reverse split even before the forward split happens…LOL! Looks like massive panic selling setting in. Crazy!
NUGT call closed
#ContangoETFs BTC $NUGT Sept 16th 180 call for 1.50. Sold for 9.20 on 6/3.
Looking to #StrangleRoll my Sept 9th 120 put.
NUGT straddle
Was sitting on a 160/160 straddle for this Friday. Sure looks like the market is pricing in a Sep. rate hike. Who woulda thought that a quarter point could devastate the miners…LOL. I would normally be rolling calls down but with Janet showing up Friday I’m gonna wait. If no Sep. hike will we see a bounce?
Bought to Close NUGT AUG 26 2016 160.0 Call @ .20 (part of 160 straddle @ 18.15)
Bounce or not, I’ll eventually roll the call out a couple weeks and down as far as I can for even…then sell whatever call(s) that will bring in 8-10 dollars. For now it’s looking like the new position will be somewhere around Sep 9th 155/130 inverted @ 27.00
The experiment continues…occasional little drawdowns but cash balance consistently increasing…
$NUGT Rollout
Rolled $NUGT Aug 26 135 puts down and out to Sep 16 125 puts for 2.35 credit.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to Close 1 NUGT JAN 20 2017 185.0 Call @ 23.00 for a slight profit.
This is my last long term short call on NUGT
$/GC
Someone sold way more gold than the market could absorb during the thinly traded premarket and tanked it @ 8:40am.
NUGT
BTC September 16 250 call @0.40 cents. Sold @5.05
$NUGT $GLD
Another day where Gold is really doing nothing, yet miners are getting crushed. Suddenly no one wants to own the miners.
NUGT
BTC September 16 185 calls @3.50, sold @7.19
STO September 16, 140 covered calls @14.40 which will offset my assignment over the weekend.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Dec 16 2016 185.0 Calls @ 22.00
Getting out of the way of the split tomorrow. Actually made a few bucks profit on this trade.
$GDX #ShortPuts – who needs…
$GDX #ShortPuts – who needs NUGT. Sold GDX Aug 26 2016 28.0 Puts @ 0.13.
NUGT roll
#ContangoETFs Bought to close NUGT Aug 26th 100 put for .15. Sold for 7.18 on July 20th.
Sold to Open NUGT Sept 16th 115 put for 5.50.
Much like @fuzzballl, I am trying to sell one call and one put each week in NUGT.
NUGT roll
Rolled Sep monthly 185 calls down to 170 for 2.50 credit.
New position is now 140/170 strangle @ 11.10
Options Bistro 