SVXY

#IRA #LongCallDiagonals – Whiz style…was gonna do this after the split but taking advantage of the pullback now. One quarter position size just in case the drop accelerates.

Bought SVXY JAN 18 2019 150.0 Call @ 50.53
Sold SVXY JAN 18 2019 100.0/80.0 Bull Put Spread @ 7.03

And:

Sold SVXY JUL 14 2017 165.0 Call @ 3.00

Total position is a net debit of 40.50 with 81 weeks to run…need to collect .50 per week on the front month calls to breakeven.