#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…

#BearCallSpreads – Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .83

#BearCallSpreads – I’ve gotta take a shot at this thing. Going defined risk out to Nov and slightly in the money. Possibly leg into an iron condor on a pullback.

Sold 2 BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 2.50

#BearCallSpreads – Joining the NUGT fun on the bigly rally. Using spreads out to 2020. Starter position with room to add.

Sold NUGT JAN 17 2020 45.0/50.0 Bear Call Spreads @ .98

#BearCallSpreads – Busy week away from the market but managed one fill today…

Sold UVXY FEB 1 2019 72.5/82.5 Bear Call Spreads @ 1.37

#BearCallSpreads – My last position in this ticker. So long ‘ol buddy!

Bought to Close DUST DEC 21 2018 30.0/35.0 Bear Call Spreads @ .10 (sold for 1.38)

#BearCallSpreads – Surprised I got filled on this one. Better than yesterday even with the stock down a little.

Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 3.25

#BearCallSpreads – Adding one. Sold the first one into the panic for 4.27. Gonna be hard to match that…

Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 3.00

#BearCallSpreads – Selling these in the money. Worked great on the big spike a few years ago so trying again. Starting with just one…

Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 4.27

#BearCallSpreads – Added to yesterday’s starter…

Sold UVXY NOV 2 2018 45.0/55.0 Bear Call Spreads @ 1.92

#BearCallSpreads – Selling a few more…

Sold UVXY NOV 2 2018 45.0/55.0 Bear Call Spreads @ 1.22

#BearCallSpreads – Take your best shot Mr. Market…

Sold UVXY OCT 19 2018 40.0/45.0 Bear Call Spreads @ .55

#BearCallSpreads – Starter positions that I’ll add to on any spikes. If we don’t get any spikes and this thing continues to tank at least I’ve got something…LOL

Sold UVXY JAN 18 2019 39.0/44.0 Bear Call Spreads @ 1.16
Sold UVXY JAN 17 2020 34.0/44.0 Bear Call Spreads @ 1.95

#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)

#BearCallSpreads – Sold UVXY JAN 18 2019 20.0/30.0 Bear Call Spreads @ .91

#BearCallSpreads – Sold UVXY JAN 18 2019 15.0/25.0 Bear Call Spreads @ .99

#BearCallSpreads – Adding to December. Already short the 20/30 @ .85

Sold UVXY DEC 21 2018 15.0/25.0 Bear Call Spreads @ .84

#BearCallSpreads – I usually try to close these at .06 but not waiting until Sep for another 8 cents. Frees up margin to sell aggressively on the next spike.

Bought to Close UVXY SEP 21 2018 30.0/40.0 Bear Call Spreads @ .14 (sold for 1.20)

#BearCallSpreads – Sold UVXY JAN 18 2019 12.0/17.0 Bear Call Spreads @ 1.15

#BearCallSpreads – In two different accounts…

Sold UVXY DEC 21 2018 20.0/30.0 Bear Call Spreads @ .86 and .85

#BearCallSpreads – C’mon reverse split!

Bought to Close UVXY JUN 15 2018 20.0/30.0 Bear Call Spreads @ .07 (sold for 1.06)

EDIT…these are all going to cover SVXY losses. It’s a slow process but when the next split comes I’ll be loading up.

#BearCallSpreads – Replacing some of the ones that have closed recently. One fourth size to allow room to add.

Sold UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .71

#BearCallSpreads – Surprisingly, the rest of this filled today…

Bought to Close UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .06 (sold for .81)

#BearCallSpreads – Starting to run low on inventory…

Bought to Close UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .06 (sold for .81)

EDIT…just noticed only a partial fill on this lot.

#BearCallSpreads – Doing a little house cleaning for the announcement next week that we’re pulling out of the Iran nuke aggreement (maybe)…

Bought to Close UVXY May 18 2018 Bear Call Spreads @ .06 (sold for .65 and .95 in 2 accounts)

#BearCallSpreads – Taking weekend risk off and freeing up buying power for the next spike.

Bought to Close UVXY APR 20 2018 24.0/34.0 Bear Call Spreads @ .08 (sold for .79)
Bought to Close UVXY APR 20 2018 25.0/35.0 Bear Call Spreads @ .06 (sold for .65)

#BearCallSpreads – Going up and out to Sep for this one…

Sold UVXY SEP 21 2018 30.0/40.0 Bear Call Spreads @ 1.20

#BearCallSpreads – A small one out to April…

Sold UVXY APR 20 2018 24.0/34.0 Bear Call Spreads @ .70

#BearCallSpreads – Selling a few more….

Sold UVXY MAY 18 2018 25.0/35.0 Bear Call Spreads @ .96