#SVXY For those who got…

#SVXY
For those who got assigned SVXY at adjusted cost below $50, have you considered a trade like this?

-Sell the stock at market price
-Sell leap puts Jan 2020 at your adjusted cost strike, for example 50Put for $36.50
-Use the proceeds to buy 5 Jan 2020 leap calls at 15 for $6.00ea=$30

The rest of cash will go back into your account.
Since we already lost the money, selling this put would not create more loss.

If I understand this correctly, the B/E would occur when SVXY reaches about $26 at expiration or less if before expiration.

Main risk is that SVXY does not reach $26 by Jan 2020

Would something like this work?

SPX Campaign / Long SVXY…

SPX Campaign / Long SVXY Calls / Short Puts AMZN / AZO Earnings Strangle / Close Early SQ Calls /

#spxcampaign
$SPX STO 3/2 2700/2725 BUPS at 3.00 Thank you @jeffcp66
$SPX STO 3/9 2775/2800 BUPS at 17.00 Thank you @jeffcp66

#longcalls
$SVXY BTO 1/17/2020 16 calls at 5.30 Thank you @fuzzballl

#shortputs
$AMZN STO 3/16 1420/1440 BUPS at 2.85

#shortstrangles (Earnings)
$AZO STO 3/2 660/790 at 6.40 Thank you @jeffcp66

Closed Early (partial position due to earnings tomorrow)
$SQ STC 3/16 40 call at 6.85 BTO at 2.80
$SQ STC 3/16 46 call at 3.00 BTO 11/15 at 5.50 (Should have closed them all)

Taking some positions off for…

Taking some positions off for most of the potential profit
Bought to close:
$AAPL Apr 20 130 put @ .09. Sold for 3.60 on 9/22.
$ABC May 18 55 puts @ .10. Sold for 1.10 on 11/2.
$ESRX May 18 47.50 puts @ .20. Sold for 1.40 on 10/16.
$ALK Apr 20 50 puts @ .10. Sold for 1.25 on 11/8.
$NUGT Jun 15 54 calls @ .48. Sold for 2.30-2.60 from 1/17-1/24.
$NUGT Jun 15 49 calls @ .60. Sold for 2.60 on 1/12.
$QCOM Jun 15 40 puts @ .22. Sold for 1.10 on 10/31.
$QRVO May 18 55 puts @ .25. Sold for 1.50-2.10 from 12/4-12/16.
$UVXY Mar 2 26 calls @ .07. Sold for .35-1.18 from 2/1-2/5.
$UVXY Mar 2 20 calls @ .13. Sold for .66-1.10 from 1/29-1/30.

Another reverse roll

#SPXcampaign Closed $SPX March 23rd 2860/2885 call spreads for 3.10. Sold for 1.75 last Wednesday.
#ReverseRoll Sold March 16th 2750/2725 put spreads for 5.80.

Signs are pointing to an Upside Warning tomorrow afternoon, but can’t be certain until it happens. VIX is not dropping much today.

$VXX long puts

Closing a profitable position in 3/9 and opening a new one in 3/16.
Sold to close $VXX Mar 9 40 puts @ 2.90. Bought for 1.57 on 2/20.
Bought to open $VXX Mar 16 36 puts @ 1.17.

WDC

BTC April 20, 60 put @ .10 cents, sold @ 1.20

Also, Added to my Bearish Fuzzy trade on TQQQ.

165,P,165C,170 C and the March 2, 155 put For a total cost of 26.00

AZO Earnings

#Earnings -Thanks @Jeff ….I’m in.

Sold AZO MAR 2 2018 660.0/790.0 Strangle @ 6.16

#bitty