SVXY synthetic rolled the 10/27 78 call out to 11/17 for 1.35 credit. Cost basis now 9.62 and 14.70 depending on lot against original basis of 16.06 and 21.14. It went up too fast to roll the short call weekly.
Lesson learned, next spike will set up additional synthetics with disaster put but will not sell short term calls against it. Not trying to be greedy but had I left it synthetic would be up almost 10k on 4 contracts. By selling calls I have limited it to 8k so still a great return no doubt.
I will keep the experiment going until Jan 2019 but I think we can all see it works and there is such a directional bias with UVXY, XIV, VXX, SVXY probably better to set them up on a vol. spike then leave them alone or sell really far OTM like 30 or lower delta.
Options Bistro 