$UVXY #CoveredCalls #ShortCalls #VXXGame #OptionLadder – setting up some short calls for the next 5 weeks with strike prices over 100% out of the money.

As the near week options expire, the later week options become covered. Very inexpensive short positions to carry on margin.

UVXY JUN 17 2016 20.0 Calls @ 0.07
UVXY JUN 24 2016 21.0 Calls @ 0.16
UVXY JUL 1 2016 21.0 Calls @ 0.29
UVXY JUL 8 2016 22.0 Calls @ 0.32
UVXY JUL 15 2016 23.0 Calls @ 0.42