Really appreciate everyone showing me the SVXY and similar trades. Today is my usual trading day so was looking around and saw how fat and juicy the premiums are on the SVXY calls. Not something want to trade naked on the call side so am trying a weekly ITM covered call. Covered call SVXY for 6/9 145 with stock at 156 and change. Bought for 143.25. Just a 4 lot to see how it plays out, $698 profit on a 4 lot in 1 week if assigned. If not will roll. At the time the same 4 lot on puts would only generate $420 so there is a call skew on these but looking at it at the time I am writing this it is getting close to parity so not sure this would work all the time, just another tool.
Also STO 7/7 TSO 79 puts at 1.05 and now have a 3-4 week ladder on TSO. Some expire tomorrow then weekly after that.
Rolled WDC 6/2 87.5 puts to 6/9 88 puts for credit of 0.57
BTC 6/2 87 puts at 0.03, sold last week for 0.51. Now have 3-4 week ladder here as well.
Might have a few quick trades tomorrow depending on what expires OTM.
Hope everyone has a good expiration tomorrow, going to enjoy a 50-60 mile bike ride in the nice weather now!