I am looking for advice.I bought UVXY at $25 and sold call expiring Friday for $36, now I want to capture more of this windfall. I thought of buying higher call making a spread to free the stock. Problem is prices are too high for purchase. I thought of rolling out and up short call to Sept but the long calls are quite expensive – $30.
Buy another Jan 02 2510/2500 BePS for $7.50 while SPX below 2500, 15 minutes to go and looks promising.
SPX sell BeCS Jan 02 2530/2540 for 1.25cr this morning, expiring worthless it appears
buy BePS 2510/2500 Jan 02 for $4.00, sold hour later for $6.50
Off to a good start after nice finish last month.
Sell iron condor Nov 30 2760/2770 calls and 2740/1730 puts for $1 and 1 hour till expiration. Many missteps today, hope to get this one right.
BTC 2670/2660 puts for $6.75 and $7.50. Nice gain for half day’s time. I entered at $3.50 and $4.50.
SPX BTO Nov 26 2670/2660 puts for $4.50, added $3.40 looking for reversion to mean to R3 2659 TODAY.
SPX quick trade Nov 26 2660/2670 for $5, sold few minutes after for $5.50, I expect price to return to R3 2659 from price I entered 2663+. Sold too early, but profitable!
Couldn’t resist one more expiring today with 1 hour to go
BeCS 2670/2680 for 0.75cr. 2662 rising at time of sale. Turned down not much later.
SPX sell Nov 21 2640/2630 put spread for 0.20cr. Only 1:15 remaining and price today never below 2650.
SPX sold today’s 2690/2700 calls and 2640/2630 puts for 0.90cr. So far so good as prices remains mid-range 2650 to 2670. My second attempt at IC trade.