#ContangoETFs STO NUGT July 1st 120 call for 5.25. Dipping a toe, my first sale for this expiry.
Category Archives: Contango ETFs
$DUST @iceman In your opinion,…
$DUST @iceman In your opinion, is $DUST like lead, like $UVXY, designed to go to zero? Thanks Mr. T.
Peeling off the NUGT
#ContangoETFs Peeling off positions with profit as they relieve margin…
BTC NUGT June 10th 120 call for .15. Sold for 2.90 on 5/23
BTC NUGT June 10th 117 calls for .15. Sold for 1.10 on 5/24
(Tuesday) BTC June 17th 145 call for .30. Sold for 6.20 on 5/4
NUGT
Sold to open June 24, 130 put @1.15
Thanks for the idea.
$NUGT
Bought to close my June 50 Put @ 1.05 I sold yesterday. Lost commission charges. This was a dumb dumb trade. Bugged me all yesterday evening. So I decided to just close it this morning and move on. Maybe it will work. Maybe not. Just not with me this time.
$BOIL #CoveredCalls – Sold BOIL…
$BOIL #CoveredCalls – Sold BOIL Jun 17 2016 15.0 Calls @ 0.25
NUGT calls
Sold $NUGT Jun 24 130 calls @ 1.20
$NUGT
Sold June 17th 50 Put @ 1.05. Will roll or close as needed as needed.
NUGT call
#ContangoETFs Sold another NUGT June 24th 98 call for 4.70, adding to the one I sold for 3.10 this morning.
Taking some NUGT off
I’m loaded up in June with OTM short calls as well as several ITM that were rolled so I’m taking these off at good profit levels to lower exposure in June (and free up more buying power).
Bought to close $NUGT Jun 17 94 call @ 3.80. Sold for 10.00 on 2/25.
Bought to close $NUGT Jun 17 105 call @ 2.10. Sold for 7.30 on 4/8.
NUGT strangles
Slow day…
Sold NUGT JUN 10 2016 55/95 Strangles @ 2.75
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT Jun 03 2016 55.0 Puts @ 0.40 in an IRA account. These replace last week’s strike 65 puts that expired Friday.
Only 4 days until expiration
NUGT roll
#ContangoETFs #ReverseRoll Kind of a roll even though I’m closing the put for breakeven, but I’m pressured more on the put side so this roll releases substantial margin…
BTC NUGT June 17th 70 put for 8.75. Sold in April for 8.83 (avg price)
STO NUGT June 24th 98 call for 3.10
Full profit
#OptionsExpiration
$SPX 1955/1980 BUPS
$NUGT 65 put
$NUGT 70 put
$NUGT 68 call
$NUGT 150 call
$NUGT 142 call
$SPX 1915/1940 BUPS
$SVXY $40 put
$UVXY 16 call (covered) will resell
Sold early
$SPX JUNE 3 1885/1910 BUPS sold for .05. Bought for 1.4
No assignments. Keeping fingers crossed.
Thanks for everyone’s support.
Have a restful weekend.
Hug a veteran.
#OptionsExpiration for 5/27 $NUGT 05/27/2016…
#OptionsExpiration for 5/27
$NUGT 05/27/2016 175 calls
$NUGT 05/27/2016 150 calls
$NUGT 05/27/2016 60 puts
$SVXY 05/27/2016 39 puts
$UVXY 05/27/2016 23 calls
No assignments this week.
Have a great long weekend everyone.
#OptionsExpiration #Weeklys #May27 – another…
#OptionsExpiration #Weeklys #May27 – another good week this week. I rolled out some SVXY calls and NUGT puts (I posted on those earlier) so I avoided any assignments this week.
— Expirations —
DUST (Weekly) May 27 2016 22 Calls (Covered)
KORS (Weekly) May 27 2016 42.5 Calls (Covered)
MRO (Weekly) May 27 2016 14 Calls (Covered)
NUGT (Weekly) May 27 2016 55 Puts
NUGT (Weekly) May 27 2016 65 Puts
NUGT (Weekly) May 27 2016 66 Puts
NUGT (Weekly) May 27 2016 67 Puts
NUGT (Weekly) May 27 2016 68 Puts
NUGT (Weekly) May 27 2016 69 Puts
NUGT (Weekly) May 27 2016 70 Puts
NUGT (Weekly) May 27 2016 96 Calls
NUGT (Weekly) May 27 2016 105 Calls
NUGT (Weekly) May 27 2016 115 Calls
NUGT (Weekly) May 27 2016 142 Calls
SVXY (Weekly) May 27 2016 35 Puts
SVXY (Weekly) May 27 2016 39 Puts
SVXY (Weekly) May 27 2016 40 Puts
SVXY (Weekly) May 27 2016 46 Puts
SVXY (Weekly) May 27 2016 47 Puts
UVXY (Weekly) May 27 2016 20 Calls (Covered)
UVXY (Weekly) May 27 2016 22 Calls (Covered)
UVXY (Weekly) May 27 2016 23 Calls (Covered)
UVXY (Weekly) May 27 2016 24 Calls (Covered)
UVXY (Weekly) May 27 2016 25 Calls
UVXY (Weekly) May 27 2016 27 Calls
Options Expiration 5/27/16
— Expiring —
NUGT 130 & 170 calls
PANW 155/160 call spreads
SPX 1980/1955 put spreads
UVXY 28 call
–Assignment–
PANW 140 and 135 puts, taking the stock.
NUGT roll
#ContangoETFs BTC NUGT May 27th 80 put for 10.00
STO NUGT June 24th 50 puts (x2) for 2.60
Didn’t sell calls at this low level. Will add some next week.
#OptionsExpiration $NUGT $55 puts $NUGT…
$NUGT $55 puts
$NUGT $60 puts
$NUGT $63 puts
$NUGT $65 puts
$NUGT $170 calls
$NUGT $175 calls
They gang, have a great weekend. I’m on a trip all next week with no market access during trading hours. Normally, that’s not a big deal, but with Gold pretty weak, I took profits and closed my June 3 and June 10 $50 and $60 short put positions on the rebound mid day. I’m still short some calls, but they are from $155 to $185 so I’m going to let them ride. Will look to become a bit more active trading after the FOMC meeting, being that it is only a few day’s after I get back. This way, I don’t have to spend a moment thinking about the market next week. Just relax, fish and maybe enjoy an alcoholic beverage to 2.
$NUGT #ShortPuts – after the…
$NUGT #ShortPuts – after the drop this morning, I used the current bounce in the stock to roll my only in-the-money position.
Bought to close NUGT 05/27/2016 75.0 Puts @ 1.52 – originally sold for 2.40 early this week
Sold NUGT 06/10/2016 60.0 Puts @ 2.27 – lowered the strike price 15 points plus a 0.75 credit
NUGT strangle roll
#ContangoETFs BTC $NUGT May 27th 83 put for 7.00. Sold for 4.10 on 5/13.
STO NUGT June 17th 62/97 strangle for 7.80.
Also still short the May 27th 80 put. Will wait until later to see what happens.
$NUGT
Pretty interesting the strength in gold miners. Last time gold was at these levels, GDX was just above $19 (now nearly $23) and $NUGT was below $55 (now above $76)
NUGT trades
#ContangoETFs I have traded too many of these to post in last couple days. Had to escape a couple of ITM May 27th puts with losses yesterday morning. Today I closed numerous puts and calls with nice profits. Closed my last ill-fated ITM call, Jan 2017 75 call for 31.00 (sold for 7.70 on Feb 4th). That leaves me with a couple ITM puts but nothing too drastic.
After things calm down and the margin police quit eyeing me, I will start selling more OTM strangles.
Following Iceman: sold to open:NUGT:Sep. 185 call@5.80,35 put @3.40Jan 185 call @12.00, Dec 185 call @11.30, June 10, 120 call@1.10,Also sold RCL, Jan 55 put @5.40, OLED July 55 put @ and June 60 put @.75.75
Following Iceman: sold to open:
NUGT:Sep. 185 call@5.80, 35 put @3.40, Jan 185 call @12.00, Dec 185 call @11.30, June 10 120 call@1.10
Also sold RCL Jan 55 put @5.40
OLED July 55 put @ and June 60 put @.75
$NUGT #ShortPuts – holiday shortened…
$NUGT #ShortPuts – holiday shortened trading week next week. Only 4 trading days.
Sold NUGT JUN 3 2016 60.0 Puts @ 1.05
Sold NUGT JUN 3 2016 61.0 Puts @ 1.20
$DUST #ShortPuts – Sold 1…
$DUST #ShortPuts – Sold 1 DUST JUN 17 2016 13.0 Put @ 1.10
$NUGT #ShortCalls #OptionLadder – balancing…
$NUGT #ShortCalls #OptionLadder – balancing out some of the short puts I’ve been selling
Sold NUGT MAY 27 2016 96.0 Calls @ 0.35 – these expire tomorrow
Sold NUGT JUN 3 2016 120.0 Calls @ 0.40 – these expire next Friday
Sold 1 NUGT JUN 24 2016 125.0 Call @ 2.85
Sold NUGT JUN 24 2016 155.0 Calls @ 1.35
Sold 1 NUGT JUL 1 2016 135.0 Call @ 2.85
Sold 1 NUGT JUL 1 2016 155.0 Call @ 1.90
Sold 1 NUGT JUL 15 2016 130.0 Call @ 4.90
Sold 1 NUGT AUG 19 2016 130.0 Call @ 8.70
Sold 1 NUGT SEP 16 2016 185.0 Call @ 5.80
Sold 1 NUGT DEC 16 2016 185.0 Call @ 11.50
Sold 1 NUGT JAN 20 2017 185.0 Call @ 12.80
NUGT, sold the June 17 120 calls for 2.05 which will offset my 40 puts for the same experation.
NUGT, sold the June 17 120 calls for 2.05 which will offset my 40 puts for the same experation.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jun 10 2016 117.0 Call @ 1.25. This is paired with a Jun 10th 50.0 put that I sold yesterday for 1.25. Total strangle credit is 2.50 with 12 trading days to go.
Rolling a NUGT call
Looked like NUGT was thinking of making a run at this one earlier, but that would have probably been too much to ask for, and it would have caused all sorts of problems on the put side, so I guess I’ll take what I can get out of it. Rolled this week’s ITM 52 call out to July and up a few points for a 2.60 credit.
Bought to close $NUGT May 27 52 call @ 23.67 (sold for 32.75 as a rollout of a rollout on 4/13)
Sold to open $NUGT Jul 15 55 call @ 26.27
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold 1 NUGT SEP 16 2016 28.0 Put @ 2.50
$DUST #CoveredCalls – added the…
$DUST #CoveredCalls – added the following positions this morning – my long stock is now hedged
Sold DUST JUN 3 2016 22.0 Calls @ 0.50
Sold DUST JUN 24 2016 22.0 Calls @ 1.70
Sold 1 DUST JUL 1 2016 25.0 Call @ 1.45
Sold DUST JUL 15 2016 33.0 Calls @ 0.95 – adding to my position
Another NUGT roll
Rolled down and out for 1.30 credit
Bought to close NUGT May 27 70 puts @ 4.08 (sold for .77 on 5/16)
Sold to open NUGT Jun 17 59 puts @ 5.38
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.25. Adding on to my position.
NUGT strangle roll
#ContangoETFs BTC NUGT June 3rd 80 put for 8.80. Sold for 5.20 on 5/2
STO NUGT June 17th 61 put for 4.45
STO NUGT June 17th 99 call for 4.10
Also: STO NUGT June 10th 117 calls for 1.10
$DUST #CoveredCall – Sold 1…
$DUST #CoveredCalls – Sold 1 DUST Jul 01 2016 22.0 Call @ 1.70
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.10. Adding on to my position.
I still have 3 different Jun short call positions that are in the money (I never rolled them up) so I’m not worried about this particular Put position
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Jul 15 2016 33.0 Calls @ 0.80. Highest available strike price.
Rolling NUGT
Strike price was breached and with downward momentum I thought I’d roll to a strangle instead of a straight put roll.
Bought to close $NUGT Jun 3 78 puts @ 7.74
Sold to open $NUGT Jun 17 57 puts @ 2.76
Sold to open $NUGT Jun 17 92 calls @ 6.99
Credit taken in: 2.01
NUGT reverse roll
Just to keep deltas fairly neutral…
Rolled 1 June 3rd 75 put into 2 June 3rd 95 calls for .25 credit.
And to reduce the risk of getting whipsawed:
Bought to Close NUGT MAY 27 2016 100.0 Calls @ .40 (sold for 1.30)
$NUGT #ShortPuts – just sold…
$NUGT #ShortPuts – just sold these
Sold NUGT Jun 03 2016 60.0 Puts @ 1.20
Sold NUGT Jun 10 2016 55.0 Puts @ 1.50
$DUST #CoveredCalls – sold these…
$DUST #CoveredCalls – sold these this morning
Sold DUST JUN 10 2016 22.0 Calls @ 0.55
Sold DUST JUN 17 2016 22.5 Calls @ 0.80
Sold 1 DUST JUN 24 2016 22.0 Call @ 1.15
Sold 1 DUST AUG 19 2016 25.0 Call @ 2.16
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 0.90
$NUGT #ShortStrangle – started out…
$NUGT #ShortStrangles – started out the day selling Puts
Sold NUGT Jun 03 2016 55.0 Puts @ 0.70
Sold NUGT Jun 03 2016 60.0 Puts @ 1.15
Sold NUGT Jun 03 2016 65.0 Puts @ 1.90
Now I’m selling calls
Sold NUGT May 27 2016 115.0 Calls @ 0.65
I also don’t see where…
I also don’t see where to play Contango??
$NUGT #ShortPuts – Sold 1…
$NUGT #ShortPuts – Sold 1 NUGT JUN 17 2016 54.0 Put @ 2.50
ContangoETF webinar archive
Someone asked earlier, so reposting here: Contributor/Authors can access the ContangoETF webinar by going to your WordPress Dashboard (options.bistro.com/wp-admin), then select Media in the left column; then the ContagoETF webinar video is on the fourth or fifth row down.
Anyone who wants to be a Contributor/Author, just let me know.
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) MAY 27 2016 68.0 Puts @ 1.10
$FEYE $DUST #CoveredCalls – sold…
$FEYE $DUST #CoveredCalls – sold these on the open
FEYE JUN 17 2016 15.0 Calls @ 0.46
DUST JUN 17 2016 20.0 Calls @ 1.25
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT MAY 27 2016 65.0 Puts @ 0.65.
1% return on cash in 5 days
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT May 27 2016 75 Puts @ 2.40
NUGT calls
#ContangoETFs I am heavier on puts so selling calls reduces my margin. Plus, being short on the call side is better in the long run anyway.
STO NUGT June 3rd 120 calls for 1.50
STO NUGT June 10th 120 call for 2.90
$SVXY $DUST #CoveredCalls #IRA -…
$SVXY $DUST #CoveredCalls #IRA – a couple of opening trades
Sold SVXY(Weekly) MAY 27 2016 59.0 Calls @ 0.40 – these expire Friday
Sold DUST(Weekly) JUN 10 2016 22.0 Calls @ 0.55 – these expire in 18 days – highest available strike
Options Expiration 5/20
Full Profit
$SPXW 1980/2005 BUPS
$GOOGL 690/700 BUPS
$NUGT 65 Puts
$NUGT 85 Puts
$NUGT 60 Puts
$NUGT 86 Puts
$NUGT 170 Call
$SWHC 22 Put
$SVXY 36 Put
$BOIL 14 Call (covered)
$RLYP 23 Call (covered)
$CNX 45 Call (covered)
$CHK 6 Call (covered)
$VSI 25 Put
$SVXY 39 Put
$UVXY 18 Call
$XME 24 Call (covered)
$EPD 27 Call
Assigned
$XOP 34 Call Basis 32,93
$AAPL 96 Call Basis 109
$BXLT 42.5 Call Basis 41.4
Total Loss
$TSLA 200 Put
$GOOGL 775 Call
Closed Early
$NFLX 85/90 BUPS 84% Profit
$AAPL 90/95 BUPS 67% profit
$NUGT 130 call 75% profit
#OptionsExpiration for 5/20 I was…
#OptionsExpiration for 5/20
I was away from my desk for the end of the trading day today, moving my daughter out of her dorm (that year went quickly!). Just got home and catching up on the expirations.
$AMZN 05/20/2016 640 puts
$AMZN 05/20/2016 750 calls (covered)
$CELG 05/20/2016 100 puts
$CLDX 05/20/2016 18 calls
$KOLD 05/20/2016 280 calls
$NFLX 05/20/2016 93 calls
$NUGT 05/20/2016 145 calls
$NUGT 05/20/2016 65 puts
$WYNN 05/20/2016 85 puts (covered)
Assignments
$AMZN 05/20/2016 650 calls (shares being called away)
Legged out of Jeff’s AMZN Iron Butterfly trade (from the road) paying a total of 3.13, having sold yesterday for 3.90. I probably could have done better had I been in front of my screen, and looking back I should have thought more about it and passed on the trade since I wasn’t going to be able to watch it at the end of the day. Glad to be out for a profit though.
Have a great weekend everyone.
#OptionsExpiration Hey guy’s, just getting…
#OptionsExpiration
Hey guy’s, just getting home. Here are my expirations:
$NUGT $60 puts
$NUGT $65 puts
$NUGT $70 puts
$NUGT $120 calls
$NUGT $150 calls
$NUGT $160 calls
$NUGT $170 calls
Ended up with some good premium this week. I messed up my $NUGT $80 puts yesterday and closed them early and rolled them. With out being able to monitor the market, I just wasn’t comfortable with the position. Sold them too early on Wed. Thought $NUGT was stablizing at $93 – $94, only to have it take another $10 drop after I sold them.
Options Expirations 5/20/16
#OptionsExpiration
— Expiring —
$CRM 72.5/67.5 put spreads (#Earnings)
$FB 100 put
$NUGT 89 puts
$NUGT 130 and 160 calls
$UVXY 23 call
–Assignment–
$NUGT 89 calls, purchased stock at 89.oo after-hours so short stock assignment will zero out the position
#OptionsExpiration #Monthlys #May20 – A…
#OptionsExpiration #Monthlys #May20 – A big one today.
NUGT and SVXY did just what they had to make this a very profitable week.
Plenty of covered calls rolled off this week too. Writing new ones next week should bring in a bit of cash.
— EXPIRATIONS —
BOIL May 20 2016 13 Calls (Covered)
BOIL May 20 2016 14 Calls (Covered)
BOIL May 20 2016 15 Calls (Covered)
CNX May 20 2016 14 Calls (Covered)
ESV May 20 2016 13 Calls (Covered)
FTI May 20 2016 32 Calls (Covered)
GTLS May 20 2016 30 Calls (Covered)
MRVL May 20 2016 9 Puts
NUGT May 20 2016 67 Puts
NUGT May 20 2016 68 Puts
NUGT May 20 2016 69 Puts
NUGT May 20 2016 70 Puts
NUGT May 20 2016 72 Puts
NUGT May 20 2016 73 Puts
NUGT May 20 2016 74 Puts
NUGT May 20 2016 75 Puts
NUGT May 20 2016 84 Puts
NUGT May 20 2016 85 Puts
NUGT May 20 2016 86 Puts
NUGT May 20 2016 95 Calls
NUGT May 20 2016 98 Calls
NUGT May 20 2016 100 Calls
NUGT May 20 2016 101 Calls
NUGT May 20 2016 102 Calls
NUGT May 20 2016 105 Calls
NUGT May 20 2016 120 Calls
NUGT May 20 2016 135 Calls
NUGT May 20 2016 160 Calls
QRVO May 20 2016 30 Puts
SVXY May 20 2016 35 Puts
SVXY May 20 2016 36 Puts
SVXY May 20 2016 37 Puts
SVXY May 20 2016 38 Puts
SVXY May 20 2016 39 Puts
SVXY May 20 2016 40 Puts
SVXY May 20 2016 57 Calls
SVXY May 20 2016 58 Calls
SVXY May 20 2016 60 Calls
SVXY May 20 2016 61 Calls
SWN May 20 2016 12 Calls (Covered)
SWN May 20 2016 13 Calls (Covered)
SWN May 20 2016 14 Calls
SWN May 20 2016 15 Calls
THC May 20 2016 22.5 Puts
UVXY May 20 2016 12 Puts
UVXY May 20 2016 18 Calls (Covered)
UVXY May 20 2016 20 Calls (Covered)
UVXY May 20 2016 21 Calls (Covered)
UVXY May 20 2016 22 Calls (Covered)
UVXY May 20 2016 30 Calls
UVXY May 20 2016 50 Calls
XLE May 20 2016 67.5 Calls (Covered)
— Assignments —
CF May 20 2016 35 Puts – getting long some stock
JWN May 20 2016 40 Puts – getting long some stock
KORS May 20 2016 42.5 Puts – getting long some stock
M May 20 2016 34 Puts – getting long some stock
Last minute straddle
#ContangoETFs STO NUGT May 20th 89 straddle for .85… Living on the edge.
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) May 27 2016 69.0 Puts @ 1.10
$NUGT #ShortPuts #Rolldown – did…
$NUGT #ShortPuts #Rolldown – did the following roll
Bought to close NUGT May 20 2016 88 Puts @ 0.57 – originally sold @ 0.75
Sold NUGT May 27 2016 70.0 Puts @ 1.07 – dropped the strike price 18 points plus a 0.50 credit.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT(Weekly) JUN 3 2016 130.0 Call @ 2.00
$NUGT #ShortPuts – setting up…
$NUGT #ShortPuts – setting up for next week while removing risk for today
Bought to close NUGT MAY 20 2016 75.0 Puts @ 0.05
Sold NUGT(Weekly) MAY 27 2016 70.0 Puts @ 1.40
$NUGT #ShortStrangle #ScalpTrade – Sold…
$NUGT #ShortStrangle #ScalpTrade – Sold 1 NUGT May 95 Call / 75 Put at a 2.30 Credit. This expires tomorrow
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jun 03 2016 130.0 Call @ 1.85. Paired with an existing strike 70 Put for that week.
Closing some NUGT puts
Bought to close $NUGT May 20 75 puts @ .40. Sold for 1.50 on 5/12. Taking profits and getting these out of the way in the event we get another big move down. I’m also short the 70 and 60 puts for tomorrow.
NUGT Support/Resistance levels
#ContangoETFs NUGT’s free-fall yesterday, presumably on FOMC minutes, got me thinking if there were s/r levels to hang on before bailing on my short put positions, and remembering that gold has a mind of its own, where is support? The 52 week daily levels are the low on Jan 19 at 17.40, and the high on May 2 at 123.96 a 50% fib retracement between those points is $70.46 NUGT closed at $84.52 about 10 pts above the lower BB and 3 pts above the 50 day ema.
So, I have more questions than answers about NUGT s/r levels but interested in others comments…for sure those with short calls made some bucks today!
NUGT put closed
#ContangoETFs I’m heavier on puts so closed this mainly for margin purposes:
BTC NUGT May 27th 62.5 put for 1.00. Sold for 6.70 on 4/13.
$NUGT
On a bit of strength this morning
BTC 2 May 20 $80 puts
STO 2 Jun 10 $55/$150 strangles
STO 1 Jun 17 $180 call
STO 1 Jun 17 $185 call
Not the best time to be selling calls, but didn’t want to just roll the puts down and out just in case there is further pull back. Gold seems to be firming up now so we’ll see what happens.
I will have limited access to the market today, and virtually none tomorrow and just didn’t want to have to try to baby sit that position.
NUGT strangle roll
#ContangoETFs Closing out one of my last calls that got too much ITM…
BTC NUGT Sept 80 call for 25.00. Sold for 11.20 on 2/17.
STO NUGT Sep 40/180 strangles for 13.30 (x2).
Netted 1.60 on the roll, added to the 11.60 I got for the original sale. If either of these wings goes ITM, I will roll again.
NUGT legging out
Bought to Close NUGT MAY 27 2016 150.0 Calls @ .10 (sold for 1.40 as part of a strangle)
Bought to Close NUGT JUN 3 2016 170.0 Calls @ .20 (sold for 1.75 as part of a strangle)
Other sides of these was 70 and 75 puts that I rolled 1 for 2 into 100 and 105 calls in same expiration staying fairly delta neutral now…
$NUGT #ShortPuts #OptionLadder #IRA -…
$NUGT #ShortPuts #OptionLadder #IRA – in case this plunge in NUGT is only temporary …
Sold NUGT MAY 27 2016 55.0 Puts @ 0.60 – expires next week
Sold NUGT JUN 3 2016 50.0 Puts @ 0.80
Sold NUGT JUN 17 2016 40.0 Puts @ 0.90
Sold 1 NUGT SEP 16 2016 30.0 Put @ 2.50
Sold 1 NUGT SEP 16 2016 29.0 Put @ 2.50
Taking some more NUGT off
Taking these off at a profit for Friday’s expiration. Reducing exposure as much as I can now as NUGT plunges.
Bought to close $NUGT May 20 95 calls @ 1.80. Sold for 3.70, 2.60 and 4.00 from 3/27-4/7.
Closing a NUGT rolled position
Bought to close $NUGT 5/27 110 call (rolled out from 5/13 95 call on 5/13).
Paid to close: 2.27
Sold for 7.59 (rollout)
Overall profit from full position: 2.38
NUGT put
#ContangoETFs STO NUGT May 27th 75 put for 2.25
Options Bistro 