Direxion Daily Gold Miners Bull 2X (NUGT)

[Nolerman]

That's a tough question to answer, since at any given time I may have several different positions on all trades with various naked calls/puts, bull call/put spreads, strangles, straddles or simply short in either direction. Without going into too much detail, NUGT, GDX, GLD calls. On naked options I go slightly out of the money (next dollar level generally), I buy about a month of time, and will vary the sizes depending on technicals. I buy at different intervals on weakness and often take advantage of volatility swings in early AM and late PM trading. Last week I accumulated calls throughout the week on dips, some naked, some hedges to short positions, some hedges to lessen shorted exposure. Depending on tomorrow's call I may either hedge more or add puts for DUST. If news goes the other way the opposite it true. Another thing, I'm not a day trader by default, however if I do close within the same day it is strictly circumstantial because my predetermined profit point is met. Hope this helps.....I could write a book on my trades this year alone.