SVXY

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