/VX VIX futures

Bringing this to the top from my reply below…just thinking out loud tonight.

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Funny you should mention VIX futures…I think I’m going to quit shorting UVXY naked calls and concentrate on the futures. I believe a person could short a few contracts each time it spikes above 25 and do pretty good much more safely without the constant UVXY spike worry.

A VIX future trades at a value of 50 dollars per tick with each tick being .05 This makes them worth 1000 dollars per point. Instead of sitting year round with big short UVXY exposure just wait until the 2 or 3 times a year we get a spike in the VIX futures 20-25 range and short a few. Imagine shorting 5 of those in late August and catching about 10 points of the move. Seems a lot safer without the constant black swan risk.
Of course your account would have to be able to withstand the daily mark to market of the futures if you short to early plus margin of about 6000 per contract.

I have to learn to…

I have to learn to stop buying and concentrate on selling.
Expiration/Close Outs
BTC $TWTR 12/18 $28P at $3.4 sold at $1.3
BTC $NFLX 12/18 118P at .1 sold at $1.4
STC $FB 12/18 BUCS 100/110 at $6.5 bought at $4.3
BTC $ISIS 12/18 BUCS 70/90 at $1 bought at $6.7
BTC $TSO 12/8 BUPS 105/110 at $4.39 sold at $.75

Trades
STO $UVXY 12/24 $27P at .8
STO $ISIS 12/31 $58P at 2.35
STO $NFLX 1/15/2016 100/110 BUPS at $2
STO $SCTY 1/15/2016 65C/35P strangle at $2.05
STO $SVXY 12/24 $40P at $.45
STO $UVXY 12/24 $23.5P at $.16
STO $KOLD 1/15/2016 $255C at $13.6 thanks iceman
STO $AMZN 1/15/2016 590/600 BUPS at $.9
STO $SVXY 12/24 $50C at $3.3 (covered)
STO $CEMP 1/15/2016 $35 at $.8 (covered)

See you Monday…

Friday’s move lower indicates volatility is ruling the month… but will it continue in the typically lower volume weeks remaining? Will the underperforming hedge fund and mutual fund managers be scrambling to make up for bad 2015 performance?

Options Expiration for 12/18

#OptionsExpiration

Expiring:
$AAPL 12/18/2015 100 puts
$AAPL 12/18/2015 105 puts
$AMZN 12/18/2015 615 puts
$APA 12/18/2015 60 calls (covered)
$BOIL 12/18/2015 30 calls (covered)
$CMG 12/18/2015 475 puts
$CRI 12/18/2015 85 puts
$CRI 12/18/2015 87.50 puts
$CYBR 12/18/2015 35 puts
$DUST 12/18/2015 25 calls (covered)
$DUST 12/18/2015 30 calls
$DUST 12/18/2015 35 calls
$GMCR 12/18/2015 60 puts
$KOLD 12/18/2015 185 puts
$KORS 12/18/2015 45 calls (covered)
$NSC 12/18/2015 75 puts
$NUGT 12/18/2015 35 calls
$SVXY 12/18/2015 75 calls (covered)
$SVXY 12/18/2015 70 calls (covered)
$SVXY 12/18/2015 45 puts
$SVXY 12/18/2015 40 puts
$TRIP 12/18/2015 60 puts
$URI 12/18/2015 65 puts
$UVXY 12/18/2015 70 calls
$UVXY 12/18/2015 80 calls
$UVXY 12/18/2015 95 calls
$VRX 12/18/2015 85 puts
$VXX 12/18/2015 44 calls
$WHR 12/18/2015 130 puts
$ZSL 12/18/2015 65 calls
$ZSL 12/18/2015 67.50 calls
$ZSL 12/18/2015 70 calls
$ZSL 12/18/2015 77.50 calls

Assignments (stock being called away):
$GMCR 12/18/2015 55 calls

Assignments (going long stock):
$KMI 12/18/2015 35 puts

Have a great weekend everyone.

UVXY after hours

#VXXGame filled at 4:12 ET

STO $UVXY Dec 24th 50 calls for .67
STO $UVXY Jan 15th 150 calls for .85

Options Expiration 12/18/15

#OptionsExpiration

Expiring with 100% profit:
$SPX 2145/2170 call spreads
$AZO 700 puts
$BOIL 25, 30, 65 calls
$DUST 30 call
$FDS 155 puts
$KOLD 170, 185, 195, 200 puts
$UVXY 20 puts
$VLO 72 call
$VLO 67.5 put (covered)
$ZSL 65 and 67.5 calls

No assignments.
Oh, what do we have in store for the coming weeks?

Calm dump?

As much as $SPX was dumping at the end, the $VIX was pretty calm.