NUGT

#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.

Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46

This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.

TBT

Are we getting close to a #SyntheticShortStock position?

NUGT

#SyntheticShortStock – Rolling weekly out and down a little picking up another 2.05 of downside on what is only about a 75 percent hedge of overall short.

Rolled NUGT FEB 16 2018 32.0 Puts to NUGT MAR 16 2018 30.0 Puts @ .05 credit

TLT

#SyntheticShortStock – Rolling weekly out and down a little picking up another .85 of downside…

Rolled TLT MAR 2 2018 122.0 Puts to TLT MAR 23 2018 121.0 Puts @ .15 debit

TLT

#SyntheticShortStock – Small roll of the weeklies…

Rolled TLT FEB 16 2018 122.5 Puts to TLT MAR 2 2018 122.0 Puts @ .12 credit

NUGT

#SyntheticShortStock – Only hedged on half the core but rolling it down a little anyway…

Rolled NUGT FEB 9 2018 32.5 Puts to NUGT FEB 16 2018 32.0 Puts @ .14 credit

UNG

#SyntheticShortStock – Still messing around in the tastyworks account. I think I could get used to it. After seeing the commissions and fees it’s looking like an average of about 56 cents per contract with each leg capped at 10 dollars.

Sold UNG Feb 16 2018 25.0 Puts @ .63