fuzzballl 10:03 am on Monday, November 9, 2015
Tags: ContangoETFs ( 446 ), VXXGame ( 769 )

$UVXY #VXXGame

$UVXY #ContangoETFs #VXXGame – These should be safe even if we get another August type selloff…sitting on a few short Eminis as a hedge.

Sold 1 UVXY JAN 15 2016 70.0 Call @ 1.60
Sold 1 UVXY JAN 15 2016 75.0 Call @ 1.40
Sold 1 UVXY JAN 15 2016 80.0 Call @ 1.30
Sold 1 UVXY JAN 15 2016 90.0 Call @ 1.05
Sold 1 UVXY JAN 15 2016 95.0 Call @ .95

Mort Lightman 10:12 am on Monday, November 9, 2015

Wish there was enough premium to do these as a spread.
- fuzzballl 10:16 am on Monday, November 9, 2015
  
  I would prefer that too. It’s been a moneymaker in the non taxable accounts using spreads the last couple months. My basic spread limits are approximately 10 wide for a dollar at least 100 percent above the recent lows for the short strike. Usually looking 45-60 days out. Need a little higher to get there. Dec week 4 45/55 bringing .93 right now. I’d prefer 50/60 for at least a buck.