Sold $UVXY Mar 24 105 call @ 5.00
#VXXGame
Category Archives: VXXGame
New low in SVXY
Breaking it’s most recent low of 31.90 on 1/20/15; Lowest since Jan 2013
#VXXGame
UVXY puts…hedging my hedge
Being short some VIX futures allows an aggressive roll up of next week’s UVXY puts. Rolled next week’s 33 puts up to 38 for .60 credit. Total credit on these is now up to 2.26 on a decent size position. If these get in trouble the short futures will be cranking! Ideally UVXY drops but not all the way to 35.74. Short a bunch of call spreads as well so UVXY…come on down!
A COUPLE:
$WLL STO 2/12/16 6.0 CALLS @.25 Expires Friday.
$UVXY STO 3/18/16 30.0 PUTS @1.64 Followed @fuzzball. Thanks kid.
UVXY puts
Sold UVXY MAR 18 2016 30.0 Puts @ 1.58 ading to a starter position
UVXY crashing
Now down on the day. Big red candle forming on the daily chart.
UVXY STO Calls 155 MAR3…
UVXY STO Calls 155 MAR3 2016 (3/24/2016) @1.50
UVXY STO Calls 160 MAR3…
UVXY STO Calls 160 MAR3 2016 (3/24/2016) @1.45
UVXY: Adding a small position to 3/24 weekly
Looks like new highest strikes in March are 95. My previous sale in 3/24 was at the 80 strike. Adding at the the highest:
Sold $UVXY Mar 24 95 call @ 5.30
$UVXY
STO Feb 26 $110 Calls @ $1.10
Trades while driving….
STO $UVXY March 18th 28 puts for 1.19
STO $DUST March 18th 5 puts for .65
BTC $ZSL Feb 19th 82.5 calls for .05. Sold pre-split for 1.275 effective price.
BTC $SPX Feb 26th 2015/2040 call spreads for .20. Sold for 1.20.
BTC $NOW Feb 19th 60 put for 13.80. Backing out 1 at a time, also will keep some and sell calls.
BTC $KOLD Feb 19th 135 call for 25.90. Sold for 18.10 on Nov 19th. Backing out of Feb positions; will be selling new premium at a later time, but keeping margin in reserve for now.
$SVXY #ShortCalls #VXXGame – Bought…
$SVXY #ShortCalls #VXXGame – Bought to close 7 SVXY Jan 20 2017 140.0 Calls @ 0.05.
These options still have 347 days until expiration so no need to wait for the last nickel.
Originally sold in mid-September for 4.10 and again at 5.10. They never traded any higher.
$UVXY
This afternoon when I was away from my computer, I got this fill.
STO $UVXY Feb 26 $100 calls @ $1.50
A TRADE:
$UVXY STO 2/12/16 70.0 CALLS @.85 Jeff’s trade. Thank you.
Adding to long term UVXY calls
#VXXGame trade:
Sold $UVXY Jan 20 2017 170 call @ 18.00. Adding to position at the highest strike in January.
UVXY added
#VXXGame STO $UVXY Feb 12th 70 calls for .85 and .90, adding to what I sold last week.
UVXY puts
Taking some profits and looking out to March…
Bought to Close UVXY FEB 26 2016 30.0 Puts @ .30 (sold for 1.03)
And to give Mr. Market some incentive:
Sold UVXY MAR 18 2016 30.0 Puts @ 1.75 (starter)
UVXY: Adding to highest strike in June
Sold $UVXY Jun 17 110 call @ 10.20
$UVXY
Had a couple of GTC orders fill near the open.
STO Jun $100 call @ $11.00
STO Jun $110 call @ $10.00
STO Mar 11 $90 call @ $3.50
STO Feb 19 $80 calls @ $1.19
VIX moving
This appears to be the biggest UP-day for the VIX in the last week. Up 11-12% with no immediate pullback. Either a signal of rougher waters ahead, or if it pulls back dramatically today could be a sign of relief rally.
Margin
I wanted to get some insight with those on regular 3 to 1 Margin accounts with under 50k.
When selling naked calls/puts (especially calls right now) on NUGT/UVXY what is the max number of calls you sell?
Also, how did you fare in August with margin requirements when UVXY went from 40s to 90 in 2 days. For example, a 170 Jan 2017 call or March 165 call, even though way otm would triple or quadruple on the next big selloff.
Were you able to maintain those positions with say 25k in the account or should spreads be the call sale of choice.
Any insight as to how best play the #vxxgame with a smaller 3-1 margin account would be great.
#OptionsExpiration for 2/5/16 Expired: $EOG…
#OptionsExpiration for 2/5/16
Expired:
$EOG 02/05/2016 65.00 puts
$LNKD 02/05/2016 230.00 calls (the good side of the nightmare strangle)
$UVXY 02/05/2016 66.00 calls
$UVXY 02/05/2016 85.00 calls
$UVXY 02/05/2016 95.00 calls
No assignments
Have a great Super Bowl weekend everyone!
#OptionsExpiration #Weeklys #Feb05 – A…
#OptionsExpiration #Weeklys #Feb05 – A pretty good week, with a nice earnings compression trade on $CMG the most fun. A new short position in $NUGT to deal with next week.
— Expirations —
AGNC (Weekly) Feb 5 2016 18 Calls (Covered)
CMG (Weekly) Feb 5 2016 397.5 Puts
CMG (Weekly) Feb 5 2016 400 Puts
CMG (Weekly) Feb 5 2016 402.5 Puts
CMG (Weekly) Feb 5 2016 405 Puts
CMG (Weekly) Feb 5 2016 407.5 Puts
CMG (Weekly) Feb 5 2016 410 Puts
CMG (Weekly) Feb 5 2016 412.5 Puts
CMG (Weekly) Feb 5 2016 415 Puts
CMG (Weekly) Feb 5 2016 422.5 Puts (Covered)
CMG (Weekly) Feb 5 2016 425 Puts (Covered)
CMG (Weekly) Feb 5 2016 427.5 Puts (Covered)
CMG (Weekly) Feb 5 2016 575 Calls
CMG (Weekly) Feb 5 2016 580 Calls
FCX (Weekly) Feb 5 2016 6.5 Calls (Covered)
NUGT (Weekly) Feb 5 2016 30 Puts
UVXY (Weekly) Feb 5 2016 20 Puts
UVXY (Weekly) Feb 5 2016 35 Puts
UVXY (Weekly) Feb 5 2016 35.5 Puts
UVXY (Weekly) Feb 5 2016 36 Puts
UVXY (Weekly) Feb 5 2016 66 Calls
UVXY (Weekly) Feb 5 2016 85 Calls
UVXY (Weekly) Feb 5 2016 95 Calls
WYNN (Weekly) Feb 5 2016 64 Calls
WYNN (Weekly) Feb 5 2016 73.5 Calls
WYNN (Weekly) Feb 5 2016 74 Calls
— Assignments —
DUST (Weekly) Feb 5 2016 10 Puts
DUST (Weekly) Feb 5 2016 9.5 Puts
DUST (Weekly) Feb 5 2016 8 Puts
KSU (Weekly) Feb 5 2016 75 Calls (Covered) – Profitable exit and getting a lot of cash back
NUGT (Weekly) Feb 5 2016 32 Calls (Covered)
NUGT (Weekly) Feb 5 2016 32.5 Calls – Going short the stock
NUGT (Weekly) Feb 5 2016 40 Calls (Covered) – Profitable exit after a long holding period
#OptionsExpiration
Had a good number of total contracts expiring this week. If it hadn’t been for $NUGT, this would have been a very profitable week.
$UVXY $55 Calls
$UVXY $66 Calls
$UVXY $74 Calls
$UVXY $80 Calls
$UVXY $85 Calls
Options Expiration 2/5/16
#OptionsExpiration Rough week with DATA earnings trade going south. This will be a tougher one to manage than FB or VLO as the company is newer and has an uncertain future.
Expiring with 100% of max profit:
$CMI 81.5 puts
$DATA 100 calls
$SPX 1980/2005 call spreads
$UVXY 23, 27 puts
$UVXY 27/25 put spread
$UVXY 55 calls
$VLO 73 call
#Assignment
$DATA 62 puts, long stock assigned, cost basis 60.80
$VLO 63 & 65 puts, covering most of my short stock position, cost basis over 70.00
Expiring Worthless:
$SPX 1675/1650 put debit spread – bought a couple weeks ago, but the down moves did not come soon enough, so never got a profit to take.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY (Weekly) Mar 24 2016 80.0 Calls @ 4.70. New weekly series has started. Highest available strike price.
UVXY calls
#VXXGame Sold a few UVXY Feb 12th 70 calls for .45. May add a few more if premium increases.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY (Weekly) Mar 11 2016 90 Calls @ 2.29. New higher strike price for this week.
OPTION EXPIRATION 1/5/16 Posting Early,…
OPTION EXPIRATION 1/5/16 Posting Early, using Panera’s Wi-Fi, as mine is down.
—-PUTS—-
$KMI 14.0 PUTS
$KMI 14.5 PUTS Thanks to Ramie for this name.
—-CALLS—-
$ETE 9.5 CALLS
$ETE 10.0 CALLS
$VXX 30.0 CALLS
$WLL 7.5 CALLS
STO UVXY FEB4 16 (2/26/2016)…
STO UVXY FEB4 16 (2/26/2016) 100 CALL @.50
UVXY puts
Rolled Feb 29 puts up to 33 for .55 credit. Fairly aggressive but short quite a few BeCS in Feb and Mar. Total credit on these now up to 1.66
UVXY BeCS
Adding one more…
Sold UVXY JUN 17 2016 80/90 Bear call spread @ 1.90
UVXY BeCS
Added to Jun…
Sold UVXY JUN 17 2016 80/100 Bear call spreads @ 1.85
CBOE To Begin Overnight Dissemination…
CBOE To Begin Overnight Dissemination Of CBOE Volatility Index (VIX) – Date 02/02/2016
- Will Provide Additional Real-Time Volatility Information When News Breaks Overnight
- Will Enable Overseas Investors to Reference VIX Index During Their Regular Trading Hours
The Chicago Board Options Exchange® (CBOE®) today announced that it plans to begin overnight dissemination of the CBOE Volatility Index® (VIX® Index) in March.
Values for the VIX Index are expected to be published every 15 seconds during CBOE’s extended trading hours session for VIX and S&P 500® Index (SPX) options, which runs from 2:00 a.m. to 8:15 a.m. CT.
$UVXY #ShortPuts #ScalpTrade – since…
$UVXY #ShortPuts #ScalpTrade – since I am short many calls and no longer long any stock …
Sold UVXY Feb 05 2016 36.0 Puts @ 0.23
Sold UVXY Feb 05 2016 35.5 Puts @ 0.16
Sold UVXY Feb 05 2016 35.0 Puts @ 0.11
The strike price is below any price hit since mid- January. These expire Friday.
a few trades…
$UVXY $NUGT
Added additional $UVXY Mar 11 $80 call @ $3.50
Followed Ramie STO Feb 26 $NUGT $37 calls @ $1.30
$UVXY
Once market started to bounce, made 1 more trade.
STO Feb 5 $55 calls @ $0.55
$UVXY $VXX
Nibbled a little bit.
STO $UVXY Feb 12 $60 calls @ $1.00
STO $UVXY Mar 4 $95 call @ $2.00
STO $UVXY Mar 11 $80 call @ $3.00
STO $UVXY Mar 18 $110 calls @ $2.50
STO $VXX Mar 4 $33 calls @ $1.00
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Mar 04 2016 95.0 Call @ 1.25
Sold 1 UVXY Mar 11 2016 80.0 Call @ 2.49
UVXY mgt
#VXXGame BTC $UVXY Feb 19th 74 call for .75. Sold for 6.75 on Jan 11th, when it was the highest strike.
March UVXY calls
Filling in some empty weeklies, at the highest strikes.
Sold $UVXY Mar 4 95 calls @ 1.05
Sold $UVXy Mar 11 80 call @ 2.15
UVXY puts
#VXXGame It’s looking more and more like this could be a bull run for many days, but I will still play for a reversal to the downside until key VIX levels start breaking
STO $UVXY Feb 26th 28 puts for 1.15
SVXY
STO March 30 put @ 1.25 earlier. Late post due to work.
#OptionsExpiration
$UVXY $60 calls
$UVXY $80 calls
$UVXY $81 calls
$UVXY $82 calls
$UVXY $85 calls
Had a very large number of contracts expire today, so as @Iceman mentioned, as these weekly’s expire my account just gets more an more prep’d to be aggressive on the next volatility spike. This market doesn’t seem to make us wait long for the next one.
$SVXY continues to suck the tail pipe, but $UVXY is kicking it. Bunch more expiring next week.
#OptionsExpiration #Weeklys #Jan29 – another…
#OptionsExpiration #Weeklys #Jan29 – another successfuly week selling premium. The most fun was the #EarningsCompression trades on $AMZN.
Also got to profitably exit some stock ($APA and $WYNN) recently acquired via Put assignment. I’d rather be long more cash and less stock during this bear market.
— Expirations —
AAPL (Weekly) Jan 29 2016 89 Puts
AMZN (Weekly) Jan 29 2016 500 Puts
AMZN (Weekly) Jan 29 2016 505 Puts
AMZN (Weekly) Jan 29 2016 710 Calls
AMZN (Weekly) Jan 29 2016 720 Calls
AMZN (Weekly) Jan 29 2016 725 Calls
CMG (Weekly) Jan 29 2016 390 Puts
CMG (Weekly) Jan 29 2016 395 Puts (Covered)
CMG (Weekly) Jan 29 2016 400 Puts (Covered)
FB (Weekly) Jan 29 2016 84 Puts
NUGT (Weekly) Jan 29 2016 28.5 Calls (Covered)
NUGT (Weekly) Jan 29 2016 40 Calls (Covered)
URI (Weekly) Jan 29 2016 60 Calls (Covered)
UVXY (Weekly) Jan 29 2016 20 Puts
UVXY (Weekly) Jan 29 2016 23 Puts
UVXY (Weekly) Jan 29 2016 31 Puts
UVXY (Weekly) Jan 29 2016 80 Calls
UVXY (Weekly) Jan 29 2016 85 Calls
UVXY (Weekly) Jan 29 2016 95 Calls
UVXY (Weekly) Jan 29 2016 95.5 Calls
WMB (Weekly) Jan 29 2016 20.5 Calls (Covered)
WYNN (Weekly) Jan 29 2016 70 Calls
WYNN (Weekly) Jan 29 2016 72 Calls
— Assignments —
APA (Weekly) Jan 29 2016 39.5 Calls (Covered) Profitable exit
APA (Weekly) Jan 29 2016 40.5 Calls (Covered) Profitable exit
FCX (Weekly) Jan 29 2016 6.5 Puts – Going long some stock
WYNN (Weekly) Jan 29 2016 65 Calls (Covered) Profitable exit
Options Expiration 1/29/16
Expiring with max profit:
$AMZN 515/710 strangles
$DUST 20 calls
$NUGT 35 calls
$FB 89/84 put spreads
$SPX 1955/1980 call spreads
$UVXY 60 calls
$VLO 64 puts
$VLO 74 call
#Assignments
$FB 102 calls, going short stock, cost basis 105 (did not play that one very well)
$VLO 67 puts, part of short stock position being covered
Have a great weekend everyone… I’ll be trading from Los Angeles next week!
$SVXY $UVXY – the volatility…
$SVXY $UVXY – the volatility trader’s golden cross is when the price of UVXY drops below the price of SVXY. As long as that relationship holds, the #VXXGame should be profitable.
I’m content to sit with my existing UVXY short Calls to expiration or a closing price of a penny. As the weeklys roll off, week by week, the buying power in my accounts increases. and leaves me set up to begin selling aggressively on the next volatility explosion.
Closing SVXY put to avoid assignment
Bought to close Jan 29 $SVXY 40 put @ 1.50 to avoid assignment today with the stock at 38.60. Sold for 5.70 on 1/15. This was a rollout from the 1/15 40 put I executed 2 weeks ago. Combined profit of 1.20 on both positions.
$UVXY #VXXGame
$UVXY #ShortCalls – Staying at the top of the chain –
Sold UVXY FEB 19 2016 110.0 Calls @ 0.77
Sold 1 UVXY Feb 26 2016 110.0 Call @ 1.13
Sold 1 UVXY Mar 04 2016 95.0 Call @ 2.49
$SVXY
$SVXY Was early assigned a Jan 29th 45 Put this morning. Originally sold for 3.00. Covered up the stock with Feb 26th 42.5 Call @ 1.30. Will take assignment.
/VX Futures
Taking a shot for a quick scalp…
SOLD FEB /VX @ 24.00
Looking to close it below 23.50 or so. I’d take 50 ticks…
UVXY opportunist
#VXXGame Sold all of these in $UVXY in the last hour:
Jan 29th 60 calls for .50
Feb 19th 70 calls for 2.75
Feb 26th 95 call for 1.75
Feb 26th 110 calls for 1.20
March 18th 120 call for 2.60
June 17th 110 call for 9.50
UVXY 110 strikes
As Iceman pointed out last week, the new highest strike for Feb expirations is 110. I dipped my toe in.
Sold $UVXY Feb 26 110 call @ 1.15.
UVXY call spreads
Full position now in both months…
Sold UVXY FEB 19 2016 60/70 Bear call spreads @ 1.10
Sold UVXY MAR 18 2016 65/75 Bear call spreads @ 1.25
#VXXGAME
Taking advantage of this down move.
BTC UVXY Feb 21 put @.08
BTC UVXY Feb 22 put @.11
STO SVXY Feb 29 put @.60 This effectively balances my SVXY positions on each side.
Both UVXY positions would likely close with full profit, but I am choosing to be nimble in this market and take it when it gives it to me.
Friday trades and Psychology
Couldn’t post these due to my other real job.
STO Feb2 UVXY 27 put strike @.40
STO Feb ’16 SVXY 45 call @.60
STO Mar 1 UVXY 23 put @.65
STO Feb2 UVXY 29 put @.65
BTC Jan5 UVXY 82 call @.18-Probably would expire worthless, but nice two day gain and in this market I choose to error on the side of caution and take it when I have the nice gain.
BTC Feb1 25 put @.06
STO DUST Feb4 12 put @.55 I now have equal calls and puts on both sides for February.
I just wanted to comment on what I feel is the most important part of trading and that is psychology. Hopefully this spurs a continued theme here whereby we can notice certain traits with each other and help with self-coaching in this area as it can make you or break you as a long term and profitable trader.
My 3 main areas I am focusing on as strengths and weaknesses right now:
- Position sizing-Strength – I have made some erroneous trades this last year and what has saved me is my position sizing based on my rules per my account size
Goal-Continue with proper position sizing going forward
2. Discipline-Big Weakness- This is an area whereby I need to really focus my self-coaching. I make impulsive direction trades sometimes that are based on “gut” and not a plan or a setup.
Goal: I’ve started to create a set of daily trading plans using Evernote on my phone (Since most of my trades are via phone due to work) The plan includes If/Than statements same as an Algo would have setup in a trading strategy.
3. Stop/loss– Moderate weakness- Sometimes I have good stops and sometimes I let it go too far taking a larger loss than I should before an adjustment.
Goal-Write a plan for each month in my #vxxgame #miners and #/esfutsoptions of what my stops are targets are for each position.
Jeff and everyone,
I hope I did not clutter the site too much with this post and want to keep a continued #tag going on various #psychology self-coaching cues and strategies that could benefit everyone.
Enjoy your weekend!
Options Expiration for 1/22
Expiring:
$AMZN 01/22/2016 740.00 calls (covered)
$AMZN 01/22/2016 540.00 puts
$NFLX 01/22/2016 115.00 calls
$NFLX 01/22/2016 120.00 calls
$NUGT 01/22/2016 45.00 calls
$SPX 01/22/2016 1745/1720 put spreads
$UA 01/22/2016 70.00 puts
$UVXY 01/22/2016 80.00 calls
$UVXY 01/22/2016 97.00 calls
No assignments this week.
Have a great weekend everyone. I hope you avoid the brunt of the storms on the east coast.
Options Expiration 1/22/16
Just one this week
$SVXY 55 Calls expired.
Have a great weekend all
Options Expiration 1/22/16
#OptionsExpiration
Expiring with max profit…
$ISRG 480/620 strangles
$UVXY 20 & 30 puts
$UVXY 70, 75, 80 calls
$VLO 74 call and 67 (covered) puts
$SPX 1995/2020 call spreads
$SPX 1750/1725 put spreads
No assignments – also, after hours fill on UVXY Feb 12th 29 put for .75
Have a great weekend everyone!
#OptionsExpiration – very good week…
#OptionsExpiration – very good week with the late week recovery. No assignments this week. Posting early today. Spending the weekend in NYC enjoying the snow 🙂
— Expirations —
CMG (Weekly) Jan 22 2016 407.5 Puts
CMG (Weekly) Jan 22 2016 410 Puts
CMG (Weekly) Jan 22 2016 412.5 Puts
CMG (Weekly) Jan 22 2016 415 Puts
CMG (Weekly) Jan 22 2016 417.5 Puts
CMG (Weekly) Jan 22 2016 420 Puts
CMG (Weekly) Jan 22 2016 422.5 Puts (Covered)
CMG (Weekly) Jan 22 2016 425 Puts (Covered)
CMG (Weekly) Jan 22 2016 427.5 Puts (Covered)
NFLX (Weekly) Jan 22 2016 134 Calls
NFLX (Weekly) Jan 22 2016 135 Calls
NFLX (Weekly) Jan 22 2016 136 Calls
NFLX (Weekly) Jan 22 2016 137 Calls
NFLX (Weekly) Jan 22 2016 138 Calls
NUGT (Weekly) Jan 22 2016 45 Calls (Covered)
UVXY (Weekly) Jan 22 2016 20 Puts
UVXY (Weekly) Jan 22 2016 24 Puts
UVXY (Weekly) Jan 22 2016 80 Calls
UVXY (Weekly) Jan 22 2016 85 Calls
UVXY (Weekly) Jan 22 2016 97 Calls
WYNN (Weekly) Jan 22 2016 61 Calls (Covered)
WYNN (Weekly) Jan 22 2016 65 Calls (Covered)
$UVXY #ShortPuts – Sold UVXY(Weekly)…
$UVXY #ShortPuts – Sold UVXY(Weekly) Jan 29 2016 31.0 Puts @ 0.11. Offsetting calls I’m holding for next week
UVXY calls closed…
UVXY puts
#VXXGame STO $UVXY Feb 12th 29 puts for .60
STO $UVXY Feb 19th 29 puts for 1.05
$UVXY
Besides having numerous short calls that will expire worthless today, I have a good number of contracts that will expire next week. With today’s drop in $UVXY, I can now close out all of next weeks short calls for a total of $60. I might just do that this afternoon and just close them down. They are spread from $80 up to $95, so little chance of getting hit even if volatility spikes back up. If volatility does spike up, that money is available to be put to work in new positions instead of tied up waiting for them to expire.
/VX VIX futures….
Still messing around with these a little.
Overnight fill:
Bought to close /VX @ 23.75 (sold for 24.25)
Earlier in the week picked up 35 ticks on another one so 85 ticks for the week is not bad. Trying to sell another one up in the 24.75-25.00 range. These seem to work pretty good especially against fairly aggressive sales of UVXY puts.
UVXY puts
Against a bunch of call spreads…
Sold UVXY FEB 19 2016 29.0 Puts @ 1.11
Some additions
Added some Feb UVXY montly 25 put strikes. @.35 avg.
This market is a bear until it shows me otherwise so trying to add negative spy weighted deltas to my #vxxgame positions.
Also, took my short 50 WMT puts when I had .35 profit back on the pop. Playing conservative and taking positive detas off the table in some areas.
$UVXY
BTC Jan22 $60 calls @ $.25, sold this morning for $1.00
Got 75% of max profit in a few hours so took these back off the table so in case oil does something crazy tomorrow, I won’t have to worry about these.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Jun 17 2016 110.0 Call @ 11.20. Unable to resist the urge to sell these.
$SVXY Closed the short leg…
$SVXY Closed the short leg for .10 of a Jan 22 32/28 BuPS, I’m keeping .70 of the .80 I received yesterday.
$SVXY
During yesterday’s chaos, I forgot this trade.
BTC June $80 calls @ $.05
$UVXY
STO Jan 22 $60 calls @ $1.00 Expires tomorrow. Wouldn’t normally trade this close but market seems more stable today and even in the rout yesterday with S&P down 65, $UVXY never got to $60. If there was more than 1 more day to go, I would not have done this, but with expiration tomorrow, seemed like an acceptable R/R
UVXY
UVXY – new strikes up to 110. Should be fun to sell next week
BIB XIV and UVXY
Unfortunately tied up with the real job all week so missing the excitement. Did manage to add a few positions earlier:
BIB – bought stock at 45.50
XIV – bought stock at 17.10
Added to UVXY bear call spreads also…Feb 60/70 and Mar 65/75 and Jun 70/80.
Good luck everyone!
Options Bistro 