AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
Bought shares at 26.02 and sold the Oct             21st 26.5 call for a 24.86 ($2486) per 100 shares/contract debit.

In this particular case, I'll be looking to take this off for 105% of what I paid to put it on: 1.05 x 2486 = 2610, which should yield about $120/contract in profit. I usually shoot for 110% (or a 10% ROC ), but am just looking to get in and out of the trade in short order if I have a shot at it ... .
Comment: Rolling Oct 21st 26.5 short call to Nov 11th 26.5 short call for a .47 ($47)/contract credit, locking in the profit from this little dip here, as well as further reducing my cost basis in my stock. I ordinarily wait right up until expiration to decide whether to roll, but am rolling here while the price of the underlying is close to my short call strike, as I intend to the hold the position through election uncertainty and the Dec FOMC decision.
Comment: Managing this somewhat aggressively here. Rolling the Nov 11th 26.5 short call to the Nov 18th 26 short call for a .32 ($32) per 100 share/contract credit on this dip. Cost basis now 24.07/share, so if I'm called away at $26, it will yield a profit of $193 per 100 shares/contract (excluding fees/commissions). If the IV in GDX continues to remain high (it was 43.6% as of today's close), I'll continue to roll the short call out if I can get a decent credit to do so.
Comment: Continuing to manage aggressively. Rolling the Nov 18th 26 short call to the Nov 18th 25 short call for a .25 ($25) per 100 shares/contract credit. Cost basis now 23.82/share (excluding fees/comms).
Comment: Onward with aggressive management: rolling the Nov 18th 25 short call to the Nov 18th 24 for a .26 credit.
Trade closed manually: Covering here for a 23.50 credit, resulting in a net loss of .18 ($18) after fees and commissions. I have some other gold/precious metals positions on running into elections (HL and AG), and didn't want to be overweighted in that area if there is a relief rally in equities markets and a flight from risk on assets like gold.
This is great. There are very few options/premium sellers on here to study well and watch how they execute trades. Thanks, NP.
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