Today I’m taking advantage of a good up day in the market to take some profits and reduce short term exposure since I have no clue what the market reaction is going to be to the Fed Rate decision.

BTC $SVXY Dec 18 $55 puts

BTC $SVXY Dec 18 $40 puts

BTC $UVXY June $70 call (sold yesterday)

BTC $UVXY Dec 18 $45 calls

I have no $SVXY puts left for this week

Made 3 small trades this morning.  Really don’t want to do much until after the Fed on Wed.

STO Dec 18 $25 puts @ $0.20

STO Jun’16 $70 call @$15.00

STO Mar’16 $165 calls @ $4.50

BTC Dec 24 $64 Calls @ $0.05

I was away from the market for most of Friday.  I went into the day with 3 positions ready to expire.  $UVXY $40 calls, $SVXY $45 and $50 puts.  The only thing that would affect these was a big sell off, which is obviously what happened.  Early in the day it sure looked to me like there was little chance of the market bouncing, so with $SVXY about $49.50, I closed my $50 puts for $1 (sold for $0.50 so lost $150).  I closed my $45 puts to cover the loss and still book a profit just in case.  I held onto my $UVXY $40 calls as I did not think it would get there.  I checked on the market with about 1.5 hrs left until the close, $UVXY was about $37.5.  I was going to be in meetings the rest of the day so I closed out the position for $.15 (sold for $0.45).

So at the end of the day I had nothing left to expire.