Closing a sizable position in my #IRA just in case a better opportunity comes along in next couple weeks. I held this thing all through the August turmoil even when it went completely ITM. After watching this and seeing how stress free it was I think all my UVXY call trades from now on will be spreads. I think I can put them on a little less often for shorter duration and get out of them quicker and with less risk than being exposed to naked positions for months at a time. I’ll still go naked once in awhile but pick my positions carefully (like a 200 strike a year out for 50 bucks…LOL)

This has been a great strategy in my IRA with no losers and no stress. I think I’ll carry this over to my regular account also…

Bought to Close UVXY DEC 18 2015 70/90 Bear call spreads @ .06 (sold for 1.10)