Just for fun I’m adding a long term position similar to my positions on AMZN and GOOGL. Buying a 2019 call and selling 2 bull put spreads underneath it to reduce the initial cost. Then, selling weekly calls against the position. This type of trade is allowed in the #IRA. Based on my initial cost I’ll only need to sell an average of 27 dollars per week in premium to get that back. If we get a big pullback I’ll add “big league”…LOL

Bought to Open SVXY JAN 18 2019 (1) 70.0 Call and sold (2) 50.0/30.0 Bull Put Spreads @ 28.50 net

Then:

Sold SVXY JAN 13 2017 95.0 Call @ 2.25