On today's From Theory to Practice, Dr. Jim Schultz examines market dynamics during a strong bullish day for equities and precious metals. Gold miners ETFs GDXJ and GDX saw significant price increases, with GDXJ up $7 while silver jumped over $3 to nearly $96 per ounce.

Dr. Jim demonstrates practical portfolio management by closing a successful GDXJ short put after reaching 60-65% of maximum profit, emphasizing the discipline of taking profits at 50% targets rather than attempting to extract additional gains.

For GDX strangle positions facing upside pressure, he illustrates how to roll untested put sides up to tighten the spread, using the expected move boundary as a simple adjustment methodology. This approach collects additional premium while better controlling directional risk.

On today's From Theory to Practice, Dr. Jim Schultz examines market dynamics during a strong bullish day for equities and precious metals. Gold miners ETFs GDXJ and GDX saw significant price increases, with GDXJ up $7 while silver jumped over $3 to nearly $96 per ounce.

Dr. Jim demonstrates practical portfolio management by closing a successful GDXJ short put after reaching 60-65% of maximum profit, emphasizing the discipline of taking profits at 50% targets rather than attempting to extract additional gains.

For GDX strangle positions facing upside pressure, he illustrates how to roll untested put sides up to tighten the spread, using the expected move boundary as a simple adjustment methodology. This approach collects additional premium while better controlling directional risk.