#pietrades Rolled GM 42.5 put…


Rolled GM 42.5 put that expires this week out 2 weeks for 0.43 credit. CB now under 40.

XBI STO 10 DTE 85 put for 0.77. Went through fast at mid point, may be able to get more if you work the order.

SVXY decision. With the futures expiring today, my hope is that as they expire we may see a pop. However I do not expect steady gains until we are no longer backwards which may take a few weeks and probably not until the VIX is under 18. Anyway, I am holding the stock until then. Once we have some gains I will make sure it is hedged in the future, probably by setting up a #fuzzy ratio but do not want to spend extra money on this trade until it recovers even a little.

The VXX trades below look smart. I would do it if had capital left. The hedge fund book I am reading, Mark Sebastain does that every 2 weeks. Buys puts on VXX or a debit spread and rolls it to the next 2 weeks when there is a 50% profit. May be a smarter way to play #vxxgame in the future. Losses are capped but probably steady gains. The flip slide would be selling ATM call credit spreads.

I will NEVER be short VIX, SVXY unhedged in the future, lesson learned the hard way again. I think a hammer the head would have been easier.

Thanks everyone for the help/thoughts on VXX/SVXY over the last few weeks. I think going forward we are all much smarter about how to use these instruments and more importantly how not to use them. But collectively I think we will all make back most of the losses within 1-5 years (that seems like a long time at the moment) but will go by faster than any of us can imagine!