SVXY

#TakeOneForTheTeam from a couple weeks ago…

Originally sold the slightly ITM 166/161 BuPS @ 3.25

Then:

Sold to Close SVXY JUL 7 2017 161.0 Put @ 5.40

This will give me the stock at a basis of 157.35. Going out two weeks to cover it using slightly ITM for some downside protection…still a possible profit of almost 5 points (4.65) while reducing basis to close to 150 (150.35)

Sold SVXY JUL 21 2017 155.0 Call @ 7.00