Could lead to a potential falling knife / synthetic opportunity…


Could repercussions affect SVXY’s existence?



Thanks for all the postings down below. Looks like plenty of patience is going to be required to work our way back. As long as the thing is open and trading we’ll eventually get there.

In my “SVXY only” account I’m short 7 puts that will be at an average cost basis of 97.70 including put premium received. I’m fine with these getting exercised ASAP so call selling can begin.

In other account everything was hedged as either synthetic stock or put spreads. Nothing major and will resume selling calls on these as well.

Looking back I was well aware this thing could go to zero but didn’t think I’d ever see it. Still haven’t decided how I’ll trade it in the future if at all. Having nice success with synthetic stock so plan on doing a lot more of those types of trades.

Good luck everyone!

#fuzzy, #vxxgame


Some bad news….50 share lots @ 103.65, 100.50, and 95.50 yesterday. Not much you can say…treat it as a little drawdown and work on getting it back.


#SyntheticStock – Rolled weekly to maintain positive delta. If the delta approaches zero again I’ll consider booking the winner.

Rolled Feb 50 to Mar 51 @ .10 credit


#ShortCalls – Some good news…

Bought to Close SVXY FEB 9 2018 124.0 Calls @ .01 (sold for .80)
Bought to Close SVXY JAN 18 2019 260.0 Calls @ .01 (part of a strangle sold for 6.45 I’ll apply to a 45 strike put basis)

SVXY catching some action in after hours

Up over 1.00 (9%) in what doesn’t look to be connected to VX futures movement (UVXY and VXX are also both up pretty substantially).

SPX calls sold

#SPXcampaign Right after the bell, filled on this:
Sold $SPX Feb 23rd 2775/2800 call spreads for 5.70.

BABA covered call

#CoveredCalls #CoveredCallCampaign #LongStock
Sold $BABA Mar 2nd 202.5 call for 1.75. I was assigned 200 shares on Friday.

UPS #FallingKnife Adding to my…

UPS #FallingKnife
Adding to my July position but dropping down a strike.
Sold $UPS Jul 20 95 put @ 1.60