$SVXY #CoveredCalls #Rollup – did the following rollup with the stock at 71
Bought to close SVXY Aug 26 2016 69.0 Calls @ 1.94
Sold SVXY Sep 02 2016 71.0 Calls @ 2.19
I bumped the strike price up 2 points and added a 0.25 credit to my account while only adding one week to my holding period.
I was going to let this position get assigned but the collapse in the stock from 74.24 to 71 made the roll too attractive. And I made money on the calls that I covered. Win-Win