fuzzballl 12:41 pm on Monday, December 12, 2016
Tags: IRA ( 431 )

SVXY….book ’em

Just in case something crazy happens…

Bought to Close SVXY DEC 16 2016 65.0 Put @ .05 (sold for 1.05)
Bought to Close SVXY DEC 16 2016 80.0 Put @ .50 (sold for 3.20)

ncroadrunr 1:15 pm on Monday, December 12, 2016

Nice job, how do you do it? I seem to get involved just before it moves strangly against me.:+)
- fuzzballl 1:21 pm on Monday, December 12, 2016
  
  LOL…you’re not the only one. The SVXY stock that I’ll probably be out of soon I’ve held over a year. Rode it all the way down and all the way up…what a waste. This trade above…I think I followed someone on the 65 put but here’s my post from Dec 1st or 2nd explaining my twisted logic on the 80 put:
  
  SVXY experiment
  
  Since I’m nearly all cash in an #IRA that I use strictly to trade SVXY I’m gonna try something here. While waiting on the big pullback I’m going to sell one aggressive put every couple weeks for juicy premium. If the pullback doesn’t come for months it’ll be a nice income…when the pullback does come it’ll be very easy to average this single position way down to a better level.
  
  Sold SVXY DEC 16 2016 80.0 Put @ 3.20

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