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trying to short NUGT here, if dust opens up down will sell calls if premiums can net shares @ 32 or lower(31.72 average now)
thanks for advice on my september calls, I appreciate your thoughts
Following my own advice on friday would have made for a good day monday.
No trades for me today I tried a short NUGT a.m at 57.99 I kept watching for gdx to fail below 26 and was actually watching 30 rock when it did, so I missed out
I love it when people talk in absolutes.
I was on ask strike $35 but no fill. If GDX continues bounce I will sell puts into bounce. If gdx pops I will short NUGT.
i am not finding NUGT shares to short so Selling DUST calls here ITM should be free premiums but if I get them It will still lower my average slightly(with premiums paid to me)
agree I have made money on DUST/NUGT and AGQ they are just vehicles.
COngrats on the gains thats awesome especially $60k I have never netted that kind of gain off one trade
thanks stngray sold the rest of calls took awhile was on ask all day but nearly doubled my $$
sold 10 calls ranging 30 to 40 for september monthly(21st) Got paid $1870 in premiums (My average is 31.72) it took longer than I would have liked but between shorting nugt on pops selling covered calls buying nugt calls on pops I have made it out ok. I will sell my remaining 14 covered calls later depending on mood of the markets. I am going to workout and go eat GLTYA
Also sold rest of svxy $98 naked calls. almost doubled there for a $6k gain for ~ 1.5 week hold(noted here possibly but also on uvxy board)
I appreciate your private message but I cannot reply with basic membership. I would be happy to discuss anything here
selling some calls here I have too, but will wait closer to expiration and sell more Out of money
I hope you concede since your now out of NUGT and into DUST per your post on DUST board
so you sold your NUGT at huge losses and all in on DUST now?
Thanks for feedback I have not put pencil to paper will take rest off 110 ish per your algorithm. its 107.5 now so may sell rest tommorrow or take the shares and sell for better spread
I am selling my $98($4.9 average) svxy calls today one confirmed @ $10.4
will try to hold on to a handful as I think svxy should be $115
I have 2400 dust will start selling sept calls on some to assure profit.
I am buying some SDR here below 13 for fat divi.
Looking at ugaz daily for scalps
$$$$$$$$$$$$$ Ice cubes today was a good day has been playing in my head. even on dust but will sell some calls on my 2400 shares. soon and selling to close svxy calls now !.
starting to scale out of my calls here, will sell 10 then hold 10 for rest of week? seems steady as she goes could hit 115 by sept 21 exp
NUGT longs have to cling to turmoil, you basically have to hope someone declares war or total financial collapse for positive results
I am just trying to help, you went all in at @97 for $20k then just posted your averaging down. Do not be long NUGT or UVXY
I am sure someone has done the math but when are these 2(dust/nugt etfs meeting? 40?
ahh doubled down on NUGT eh? i would sell calls fast to recoup some losses
I agree but thats what is pointed to when gold moves up
global unrest,terror,war(shtf)
note** NUGT moves based off gdx which is a vector of goldminers, it does not move with spot but in my opinion is too weak to move up when spot does not significantly rise.
syria caused the spike in the first place, I do not like that gold only tends to rise when turmoil is amidst us. How much of a safe haven is it really? I mean if SHTF wouldnt gas eggs and bullets be better for bargaining than gold?
ha lucky guess!
ha
how bout I keep those on the "ghost" dust board?
and while we are at it when you say all in call the price and shares you get.
but in all seriousness good luck on your NUGT/uvxy just because I am bull for the inverse doesn't mean we cant share icecream
how about if it doesnt break 100 in next 2 months you quit posting this jibberish
just short the pops its safer
missed shorting NUGT today too busy and could have almost doubled my profits in ugaz if patient
i just sold ugaz for %3 use it like dust for intraday trades. I do beleive NG can get one more downswing before old man winter gives it a lift
honestly gold just leaches to all that is volatile, Gold may rise in sessions but should head down overall. If gold heads south GDX(nugt) will go down with it
thanks gdx held its profits well today but monday I will short agains I am sure
covered rest at 74.14 thought gdx may exhaust EOD but still nice gains will probably use some of this weeks profits to get more DUST($35 average) and sell calls this month hopefully when dust tops $30
Your welcome I recommend shorting uvxy or Nugt on any run or even pop intraday
covered half(470) @ 73.22
shorting nugt 75.39
ugaz,nugt,uslv svxy,xiv,uvxy all leveraged with nice daily spread to either short or go long and get out daily
gold 1370 nugt $7
remember 2 months ago gold was at 1180 nugt was 4.8
when Pms give in to good data and gold retraces more I am sure nugt sees 50s if gold touches under 1200 again nugt could be $20-30 depending on how fast the descent is.
when in doubt short nugt, I was busy this am did not but its money in the bank
well as of today I am making money hows your NUGT?