fuzzballl 11:34 am on Monday, October 15, 2018
Tags: LEAPS ( 418 ), LongPuts ( 144 )

UVXY

#LongPuts #LEAPS – I just can’t help myself. Feel like I have to do more to take advantage of this spike. Going out to 2021.

Bought UVXY JAN 15 2021 50.0 Puts @ 29.60

Sold UVXY OCT 19 2018 50.0 Puts @ 2.35

jsd501 11:36 am on Monday, October 15, 2018

If you keep that up, you will have the whole trade covered in 13 weeks.
- fuzzballl 11:41 am on Monday, October 15, 2018
  
  We’ll see how it goes. The last time I tried this the weekly puts got run over but still made a good profit. Now that the tracking on it has been adjusted a little I don’t think it’ll fall quite as fast allowing a lot more weekly sales.
fuzzballl 11:36 am on Monday, October 15, 2018

If volatility can stay elevated for a few more weeks allowing a couple dollars a week of sales this will be off to a great start…
- Jeff 12:16 pm on Monday, October 15, 2018
  
  I think I want to BUY those puts from you. I might buy the 50 or 45 puts, but a few weeks out. If we end higher today, I’ll be looking to do this tomorrow. I still like your trade, but lookout below whenever this correction decides it’s over.
  - fuzzballl 12:26 pm on Monday, October 15, 2018
    
    I’ve got 51 call spreads that will be happy with an end to the correction. In the meantime I can hopefully pound a few weeklies while waiting. It’ll eventually drop but maybe not as extreme as before. Look me up…I’ll sell ya some next week! LOL

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