Jeff 7:08 am on Monday, April 18, 2016
Tags: VXXGame ( 769 )

UVXY slammed through its all…

#VXXGame
UVXY slammed through its all time-low of 17.41, dropping all the way below 17 on this surge in the market.
BTC $UVXY May 20th 38 call for .42. Sold for 2.14 on 3/23.

Jeff 7:13 am on Monday, April 18, 2016

Also, STO UVXY May 27th 13.5 put for 1.05
Jeff 7:32 am on Monday, April 18, 2016

Also, BTC UVXY May 6th 30.5 call for .26. Sold for 1.34 on 4/1.
STO UVXY June 17th 12 put for 1.05
Meera 8:35 am on Monday, April 18, 2016

With uvxy so low does it make sense to buy uvxy and write covered calls against it? With the assumption that volatility will go up.
- Jeff 9:13 am on Monday, April 18, 2016
  
  It is difficult because we don’t know how far it may go down before we have a spike. However, I can say when it’s under 20 may be the best time for your play, since dollar-to-dollar movement is slowest at these lower prices. If you buy the stock I would wait to sell the calls on spikes up.

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