$SVXY #CoveredCalls #RolledUp – so week to week I decide whether to keep my long stock and let it work. I rolled up big positions this afternoon but I also have some OTM and NTM calls that I will deal with tomorrow.

Bought to close SVXY Apr 01 2016 48.0 Calls @ 2.91
Sold SVXY Apr 29 2016 51.0 Calls @ 3.36 – a 3 point bump in the strike price plus a 0.45 credit

Bought to close SVXY Apr 01 2016 47.0 Calls @ 3.75
Sold SVXY Apr 15 2016 48.5 Calls @ 3.85 – a 1 point bump in the strike plus a 0.10 credit (could have done better)

Bought to close SVXY Apr 01 2016 47.0 Calls @ 3.60
Sold SVXY May 06 2016 51.0 Call @ 3.70 – a 4 point bump in the strike plus a 0.10 credit

I’ve now spread out my calls a bit into different weeks so I don’t have a repeat of this week’s action causing me to roll all of my positions at once.