Kelly 7:49 am on Wednesday, March 16, 2016

$UVXY

BTC Jan’18 $80 call @ $12.50, sold for $25

Taking profits at 50% since it is so far out in time. Will resell on next volatility spike.

Option Iceman 8:20 am on Wednesday, March 16, 2016

$UVXY – Nice move.

Forget reselling the 80’s. Replace this position with the 115’s on the next spike. You can probably get more than the $12.50 you spent
- vxxkelly 9:55 am on Wednesday, March 16, 2016
  
  Have GTC orders in for $115’s as well. I entered a $30 GTC order for the $80’s. If I get a chance to sell an $80 for $30, I think I’d have to take that trade. Still short some $70 calls that I will buy back at $10. Those I won’t resell.
  
  What are your thoughts on selling long term puts on $HOT? Have a cash offer for $76. Think we could get some value in selling Jan’17 and/or Jan’18 $65’s. These guys are going to get bought, so even if the Chinese offer falls apart, the $65 price would still be covered by the Marriot offer so shouldn’t get into trouble.

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