$SVXY #ShortPuts #OptionLadder – so with a lump in my throat I did the following today:

Sold a block of SVXY stock at 52.13 (at a gain from last September).

Then sold the following Puts to more than replace the stock position –
Sold SVXY Apr 22 2016 40.0 Puts @ 0.40
Sold SVXY Apr 29 2016 40.0 Puts @ 0.65
Sold SVXY May 13 2016 40.0 Put @ 1.10
Sold SVXY May 20 2016 40.0 Puts @ 1.35