#ContangoETFs  #ShortOptions  Sold Dec 30th 80 Puts when $SVXY was at93.11.  I will roll if these get into trouble.    I messed up last year taking assignment at these lofty levels and it was a nightmare.  Stupid me.

Sold Dec 30th 95 Calls against the remainder of my long stock now that $SVXY has pushed above my target of 93.  Order was filled when $SVXY was at 93.47.  If I end up being assigned on all the calls, 93s and 95s, most likely the puts expire and I will have a cash position to sell lower strike puts against when the market pulls back in January.  If I end up still holding stock a lot will depend on where it closes.

I’m working on my learning objectives for 2017.  Controlling my fear of SPX spreads is at the top of the list.

Have a great day.  Stay warm and safe and may you all have joyous holidays.  My daughter arrives tonight.  There be distractions, eating, drinking and story telling henceforth.