fuzzballl 12:47 pm on Wednesday, August 23, 2017
Tags: IRA ( 431 ), VXXGame ( 769 )

UVXY

#IRA #VXXGame – Kind of an odd fill. No bites until UVXY dropped a little…

Sold UVXY NOV 17 2017 50.0/65.0 Bear Call Spreads @ 1.20

honkhonk81 2:33 pm on Wednesday, August 23, 2017

UVXY Hey Fuzz, thanks for the 50/65 Spread. I did the October instead of the November. Got 1.15.
- fuzzballl 2:41 pm on Wednesday, August 23, 2017
  
  Did same thing in October too…posted earlier today. 🙂
  - Andrea 11:46 am on Thursday, August 24, 2017
    
    Hi, this is an interesting spread-I am new to this and wondering when you think you will get out?
    - fuzzballl 12:44 pm on Thursday, August 24, 2017
      
      As long as I don’t need the buying power for anything I’d like to hold it until it can be closed for a few pennies. Remember, these are difficult to roll if they get in the money so I stay small enough where I can roll and widen or roll and add to be able to get a credit roll.
      - Andrea 7:04 am on Friday, August 25, 2017
        
        Thanks I decided to sell – got 1.33 for the Oct. will let you know.
        
        fuzzballl 7:08 am on Friday, August 25, 2017
        
        Good luck!
        
        Andrea Mia 2:05 pm on Tuesday, September 5, 2017
        
        Bought back today at 1.12. Not much there but am worried that the uptrend will continue.

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