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im starting to think about shorting NUGT maybe start with 1k shares and short any other significant move
good, as long as your not using this to hedge the market go ahead. Problem is a few months of contango can eat this back to $15
have you read the prospectus?
sold weekly $84 puts from 1.3-1.8 looking to btc eod
sold 6 $83 weekly(june 21st) covered calls for 1.05
good job chuter, I may look at some dust calls today. COngrats on making the profits.
looks like I will have 800 put to me at a cost of 79.08 and 100 put to me at 80.6
the rest expire worthless.
Alas one more june 21st $77 sold for 1.84
I would possibly play uvxy long for a day if say the rebels took over Baghdad or putin invaded ukraine, otherwise contango eats away any bad days in spy. I will just short uvxy moves at every turn. Right now its selling staggard naked puts if I get shares I sell covereds rinse and repeat
its june 21st and sold 2 more EOD for $1
sold june 27th? next week 78 puts
sold 6 more weekly puts on svxy
1 79 4 80s 1 82
nice, I am giving miners a break been selling weekly svxy puts from $75 lol its running so fast but making some $$$ will short the next uvxy pop hand over fist
i agree I think nugt is just as bad as uvxy, on uvxy you deal with beta decay and contango on nugt you deal with miners not being a good business model first and foremost, but you can also loose out even if gold is making a run cause if the market goes down gdx is usually right with it or not far behind. I would say even if you long dust sell calls to insure profit and offset any decay. A wise man would think about shorting nugt and dust at the same time
not bad but shorting it over last year +
I was hoping you were still around and not one of the guys that got completely wiped off the map with NUGT.
thank you so much DOC this should be stickied
sold 3 june 13th 80s puts for .95
started selling june 13th 79s puts today average 1.05
sold last of 3 puts this week 2 at 76 one at 77.5 was content on monday with the 2 but today .85 at 77.5 seemed good to go
vix actually rose since i sold puts but futures didnt budge so I bank the $320 and asses open on monday if I have time. Nothing earth shattering but 3.5 day hold and always have the option to btc if I was worried of a big move contrary to my position
youve been on top of this for at least a few months, hope you profited nicely
in theory I agree however a vix 30 would soon return to 13 and then its just a matter of time via contango/decay for uvxy and svxy contrarily to return to the price before vix pop.
why? so I can sell weekly calls if they are put to me while the vix plummets back to its median
sold weekly $75 puts yesterday for steak dinners
there are my 27s guess I should have got some calls for my hunch
i got called away now without position DUst will gap to $27 tuesday morning lol
thanks it helped ease a inverse volatility trade I made the wrong choices on earlier this year
surely I am called away this week
1500 shares average 18.63 27,945
selling calls netted 9287 less commission 318
cost basis roughly $12.64
called away at 25.5 ?
I credit a little bit of trend and guessing where it was going and lots of luck
ha missed profits but spilled milk and crying and such
hope i get a momentary spike in futures sometime
yes, this hasnt been as big a breakdown as I anticipated since quarterly s. If i get called away I am thinking I may keep cash and wait for a vix pop and short it via the kitchen sink
Sold 15 weekly 25.5 calls for .7
Cat watch action this am so hope it was a decent fill
i didnt get filled, i was putting order in at market when ask hit .05 but didnt get in before 3
looks like i am alive though have 25.47 close on my platform
i am watching it very closely , looks like I get called away, will not buy back to close calls unless ask at .05
my price paid on 1500 shares was 18.63 I need to figure cost basis. Watch gdx dump 23 as soon as I get called away.
going through my public replies takes time, I am doing great my friend
gold may rise
Does that make gdx a buy? not IMO. THe miners as a sector have shown their inability to produce at Higher POG. All you have to do is look at last years posters compared to this years and you will see the gdx/nugt effect on a trading account.
scaling into inverse position sold may 17th $67 puts here at .70 and .54 10 minute uvxy dumping may sell some 68s aswell
i went out of all svxy positions by friday so missed good profits but feel more comfortable taking profits and buying hand over fist on next vix futures pop
sold 15 weekly 25.5 calls for possible retest on 200dma for gdx plan to btc (market) when ask is .05