VanEck Gold Miners ETF
Updated

OPENING: GDX JUNE 19TH 27/40 SHORT STRANGLE

138
... for a 1.58/contract credit.

Notes: Remarkably, I have no gold-related stuff on at the moment, and this still has some juice in it, with the implied volatility rank at 59 and the 30-day at 57%.
Note
Short call is show at the 36 strike, since 40 is off the chart.
Trade closed: target reached
(Late Post): Filled my GTC order to close at 50% max today. In for 1.58, out for .79, .79 ($79) profit/contract. A little bit of vol crush + theta decay (30-day now at 50% versus the 57% when I put it on).

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