$SVXY #ShortCalls – I’ve changed my mind about holding most of my Dec calls to expiration as SVXY tops 90 dollars.
The remaining time premium to be earned in the December contract is very small and waiting to roll at a potentially higher stock price next week would make the trade even harder to do.

Bought to close SVXY Dec 16 2016 80 Calls / Sold SVXY Jun 16 2017 100.0 Calls @ 1.58 Credit.

This is partly for margin reasons since I’m typically at least 2 for 1 overwritten on my long stock. I’m rolling anything with a strike price below 85 out to next year with a big jump in strike price.