NUGT Update 2/26

This was my play from last weeks newsletter - NUGT since it's down the most of all the swings I own here is my strategy with that stock. My first entry was

Feb 11th = 651 shares $7.68

Feb 19th = 826 shares at $6.05

Currently at $5.80 - yesterday went over $6.00 and executed the covered calls just great - nice save there!!!!

I am going to Sell Covered Call Options as I hold the stock for next 40 days.

These Options Expire at the close on market on Friday April 19th

I will sell 14 contracts which cover my 1,400 shares

The Option is the $6.00 Strike Price on the April Month. The Option Contract Price Closed $.65 - as the stock rebounds to $6.00 I will place the trade - SELL 14 CONTRACTS APRIL $6.00 STRIKE PRICE COVERED CALL WRITE - Looking for a price of $.75 to $1.00 - this will give me a $6.75 to $7.00 sale price on 3rd Friday of April.