fuzzballl 7:40 am on Tuesday, March 8, 2016

UVXY call spreads

Just a starter…

Sold UVXY APR 15 2016 50/70 Bear call spreads @ 1.20

vxxkelly 7:45 am on Tuesday, March 8, 2016

Fuzzy is the first to dip a toe. I’m trying to be patient and see if we get another couple of days of a pull back and get $UVXY closer to $40. Don’t know if that will happen or not.
- fuzzballl 7:49 am on Tuesday, March 8, 2016
  
  LOL….here’s how it plays out in a perfect “Fuzzy” world:
  
  I’m short a bunch of 35 puts this week. I take the stock at 32.00 basis then we get a spike to 100. I cover the stock with the April 50’s for an 18 dollar gain and I sell the long 70’s for another 30 bucks.
  
  🙂 🙂
  - vxxkelly 8:01 am on Tuesday, March 8, 2016
    
    I love that plan.

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