Option Iceman 11:23 am on Friday, April 8, 2016
Tags: CoveredCalls ( 2,202 ), OptionLadder ( 132 ), VXXGame ( 769 )

$SVXY #CoveredCalls #VXXGame #OptionLadder -…

$SVXY #CoveredCalls #VXXGame #OptionLadder – filling out my May #OptionLadder, replacing strike 49.5, 50, 51 and 53 strike calls that expire today
Sold SVXY May 20 2016 60.0 Calls @ 0.75
Sold SVXY May 20 2016 61.0 Calls @ 0.65

Meera 12:08 pm on Friday, April 8, 2016

Do you sell options few months out or stick to shorter time frames?
- Meera 12:14 pm on Friday, April 8, 2016
  
  I meant specially UVXY.
- Option Iceman 12:19 pm on Friday, April 8, 2016
  
  If the premiums are good enough at strike prices I am interested in, I will sell calls for any expiration period. With today’s expiration I have greater flexibility to spread out my short calls to higher strike prices.
  
  I won’t let the bulk of my long stock go until it reaches 60 or so. A least that is the current plan.
  
  $SVXY support levels are at 44 and 40. Resistance is at 53. I will make sure my short calls have strike prices above the resistance point and short puts are below support.