Trades for last week included bought some NUGT, sold some put options on NUGT, sold some put options on JAG (small position), bought puts on RIMM, bought calls on USO. The JAG one is the most interesting to me. I sold the $4 Jan 13 put option on JAG. My thought process is that JAG is slightly above $1. Worst case scenario is it goes to zero and I lose $1ish. Best case scenario is that I get to keep the money... I love selling put options. 66% chance of winning if you sell the right strikes. Even when you are a bit off - you can still make good premium by closing it on a price rise in the stock. I would never sell calls - thats crazy. Unlimited risk. The USO calls are for the potential of Iran to follow through on its threat to close the straits of Hormuz when the sanctions are implemented. If they do in fact close the straits - you will see an oil moonshot. NUGT is because the miners have been so ridiculously beat up that the risk/reward ratio is something like 500:1 (just a guess). Considering we are just now starting wave 3 of 3 of MAJOR THREE in gold and the miners could literally explode upwards from here. Selling the put options is a reflection of how much time do I realistically expect NUGT to trade under $10 in the next 3 months - answer...very, very little.