fuzzballl 12:12 pm on Wednesday, November 8, 2017
Tags: IRA ( 431 ), LongCallDiagonals ( 99 ), ShortPuts ( 4,763 )

SVXY

#ShortPuts #IRA – Bought to Close SVXY NOV 17 2017 80.0 Put @ .25 (sold for 2.50)

#longcalldiagonals

jsd501 12:18 pm on Wednesday, November 8, 2017

Fuzzy, correct me if I am wrong but on the wiz trades it seems possible to make 100% or more in a one year trade on an index trade.
- fuzzballl 12:26 pm on Wednesday, November 8, 2017
  
  I would agree with that. Using synthetic stock, the cost of entry is very low so that helps. If everything works perfectly (gradual rise in stock while selling weekly), I’d think way more than 100% is possible.
  
  Biggest problem I’ve had with them is weekly sale getting run over. I guess that means I’m doing a good job of picking underlyings…LOL As soon as I do they make about 2-3 std dev move up!
  
  AAPL, AMZN (twice), DIS, EWZ, GS, GOOGL, JPM, and now today MGM
  - jsd501 12:29 pm on Wednesday, November 8, 2017
    
    It seems hard to keep up with a stock that moves over 1% per day.
    - fuzzballl 12:34 pm on Wednesday, November 8, 2017
      
      Yes it is. Best way I’ve found to handle these once they’re DITM is start using monthlies. Roll out and up best you can. The way I look at those is if I roll out a month and up 5 bucks for 1.00 debit, I’ve still picked up 4 dollars of gains. Just keep doing that until you can catch up to the stock.
  - fuzzballl 12:41 pm on Wednesday, November 8, 2017
    
    Let’s see if I add HIMX to this list tomorrow…LOL DIS already on the list and still have earnings this week. Jeez…
hcgdavis 12:34 pm on Wednesday, November 8, 2017

My SVXY #longcalldiagonals made 110% in 8 weeks, but got run over by the massive move from 70-110. Would have been better not to sell weekly calls.
- fuzzballl 12:36 pm on Wednesday, November 8, 2017
  
  Hindsight is 2020 of course. Had SVXY gone to 30 you’d be glad you sold ’em…LOL. I’ll keep selling them since I’m more concerned about protecting downside than maximizing upside.
  
  Or…maybe sell spreads or only sell half. Anything to bring in some scratch if the thing drifts aimlessly for months.