$SVXY #CoveredCalls #VXXGame – since 100% of my short SVXY calls for last week expired worthless, I’m replacing those positions with the following #OptionLadder.

All of the strike prices are above the YTD high on the stock, so they are likely to expire as well.

SVXY JUL 1 2016 67.0 Calls @ 0.45
SVXY JUL 8 2016 67.0 Calls @ 0.76
SVXY JUL 15 2016 67.0 Calls @ 1.15
SVXY JUL 22 2016 67.0 Calls @ 1.10
SVXY JUL 29 2016 67.0 Calls @ 1.45