Rolled the 75 call yesterday for 0.85 credit and today the 79 calls for 1.17 credit. Both rolled to next week.

Total profit for 2 weeks on 4 contracts long and 5 short is $1198. That works out to an 11.9% return on capital but if you base it on risk is a 56% return in 2 weeks. As long as SVXY stays in a range, this may out perform all my other techniques. I am not on a computer with TOS so cannot share the graph at the moment but next weeks max profit potential is now around $1700 around the 80 strike.

Cost basis on first batch down to 13.95 from 16.06 and on the second batch 19.97 down from 21.14.

I plan to keep rolling the strikes but if we keep pushing up may go out a few weeks and up a few $ to improve capital gains. I figure as long as I can take in 0.50 or higher credit with each roll will stay at the same strikes.

Also rolled some SVXY 70 puts this week to next for 0.86 credit and WDC 84 and 85 calls to 1-2 weeks for 0.53 credit.

Profit range on the SVXY synthetic is now 68 to about 90 or so.

Have a good long weekend. Maybe we have some volatility next week when the big traders are back from summer vacation!

#longputdiagonals