jsd501 10:04 am on Monday, October 23, 2017

SVXY

STO January 2019, 50 puts @8.10

hcgdavis 10:43 am on Monday, October 23, 2017

that’s a lot of premium but a long time to go
- jsd501 10:46 am on Monday, October 23, 2017
  
  It is 15 months and if it expires, it will be a long term gain. If I am assigned I will be happy to sit on the position for several years at that kind of discount. It works out to an annual return of 13% so I can live with that.
  - hcgdavis 10:54 am on Monday, October 23, 2017
    
    yeah nice return and if you were assigned at that level would probably double your money in 3-4 days the way SVXY has been behaving
    - jsd501 10:56 am on Monday, October 23, 2017
      
      LOL, I wish.

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