Ramie 11:40 am on Friday, September 23, 2016
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

UVXY calls

Sold $UVXY Nov 4 29 calls @ 1.10. Highest strike in the newest weekly series.
#VXXGame

Option Iceman 12:52 pm on Friday, September 23, 2016

$UVXY #ShortCalls – I thought about doing that but 29 just seems too low for that amount of time. I opted instead to sell Dec 55.0 Calls @ 1.26. A longer wait but safer. And I can add to either position on the next bounce in the VIX.
- Ramie 1:06 pm on Friday, September 23, 2016
  
  Yeah I went back and forth about this one and decided to do a small position. 29 is definitely a risky strike. I like the Dec 55 idea. Put an offer in after hours but I don’t think I’ll get filled. Thanks Iceman.
  - Option Iceman 1:18 pm on Friday, September 23, 2016
    
    Also look at the Nov monthly 45’s as an alternative

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