UVXY

#BearCallSpreads #ContangoETFs – C’mon Mr. Market give us a chance to re-load. Never got a chance to add much to these.

Bought to Close UVXY OCT 18 2019 50.0/60.0 Bear Call Spreads @ .10 (sold for 1.25)

DRIP

#BearCallSpreads #ContangoETFs – Had one naked call that got in trouble and wasn’t liking it very much. I rolled it out to 2021 70/80 bear call spreads figuring I’d hide there until things calmed down. Made it a 10 lot to make it worthwhile since the trade was practically a sure thing. Booking it today and will wait for DRIP to rebound when the Saudi oil gets back online.

Bought to Close DRIP JAN 15 2021 70.0/80.0 Bear Call Spreads @ 1.40 (sold for 1.60)

TSLA

STO Sept-20-2019 220/230 #BuPS @0.74.
Rolled Sept-20-2019 250/260 #bearcallspreads to Oct-19-2019 255/265 @0.28 Credit. Stock around 252.50

UVXY

#BearCallSpreads – Bought to Close UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .06 (sold for .93 average)

UVXY

#BearCallSpreads – Adding one…

Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.25

UVXY

#ContangoETFs #BearCallSpreads – Adding one and starting a new batch…

Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spread @ 1.26
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.23

DRIP

#BearCallSpreads – After seeing a crude oil chart yesterday with Carter Worth talking about the potential downside in oil I’m moving my naked call into bear call spreads. Going out in time and increasing size to make it worthwhile. I believe DRIP will be below 70 by 2021. Recently I’ve been trying to really cap my losses to the upside and this helps with that.

Rolled DRIP DEC 20 2019 115.0 Call to JAN 15 2021 70.0/80.0 Bear Call Spreads

Total credit in the spreads is now 1.60 per spread. I look at this as being similar to long term UVXY positions I’ve had in the past on huge spikes…