NaughtyPines

OPENING: GDX MAY 15TH 26/33 SHORT STRANGLE

NaughtyPines Updated   
AMEX:GDX   VanEck Gold Miners ETF
... for a 1.01 credit.

Notes: Re-upping a gold miners play in the first expiry in which the at-the-money short straddle pays greater than 10% of the value of the underlying.
Trade active:
Selling the 25/32.5 to flatten delta as well as to bump up extrinsic; for a .73 credit. Scratch at 1.74 versus setup value of 1.64; delta/theta -.51/1.94.
Trade closed manually:
Closing this out for 1.52, a weenie winner. Finding this to be less liquid than advertised.
Comment:
Error. Error. Lol. That last post was for my XME trade ... .
Trade closed manually:
Closing here for a 1.24 debit; .50 ($50) winner per contract.
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