Initiated Sept 30 $75 covered call this morning @ $72.75

With $VXX nearing a new all time low and with the amount of contango in the $VIX term structure, I think $SVXY will be grinding higher for a while. Would have been better to do this right after the fed announcement. I got too focused on looking for $UVXY trades and missed that opportunity. I still think this a simple way to hit some singles.

#contangoetfs