VXX rolling

#VXXGame #LongPutDiagonals #Rolling #StrangleRoll
As $VXX and $UVXY continue to bleed out, I’m rolling my last ITM puts into strangles.

BTC VXX Sep 22nd 47 puts for 5.75.
Sold VXX Oct 20th 44/50 strangle for 5.86
Sold VXX Oct 20th 43/46.5 strangle for 5.45

I’ll see another next week. Managing the weeklys on this long trade has gotten messy, but it keeps me busy!

VXX rolls

#VXXGame #LongPutDiagonals
BTC $VXX Sep 22nd 44 puts, #Rolling: Sold Oct 13th 42 puts, .24 credit
BTC $UVXY Oct 6th 27.5 puts, #Rolling: Sold Oct 27th 25.5 puts, .15 credit

BTC UVXY Dec 91 call for 1.15. Sold for 8.00 on Aug 17th.


#LongPutDiagonals – She’s tanking and I’m rolling. The next one will be to 2019 if needed.

Rolled UVXY OCT 20 2017 26.0 Puts to JAN 19 2018 20.0 Puts @ .13 credit


With these short puts providing some upside protection for a possible volatility spike (yea right… 🙂 ) I’m rolling up the 2019 disaster calls for a credit. Slightly increases max loss if UVXY spikes to 60 and stays there until 2019 🙂

Rolled UVXY JAN 18 2019 40.0 Calls to JAN 18 2019 55.0 Calls @ 1.15 credit. This in effect lowers the cost of the initial trade entry.

So what’s the big picture? I eventually will have to roll these front month short puts to 2019…probably around a 10 strike. They’ve brought in a total of 3.00 so far…

Synthetically short at 30 so using 10 as a target that’s 20 points of gains. Trade entry was 16.30 debit so max gain is looking like 20.00 – 16.30 + 3.00 + residual value of disaster calls when I decide to close the trade. So possibly a 10 point winner if I’m lucky. Not what I had hoped but still a position that had a low enough risk that it allowed me in at a decent size. I think Jeff is right…just buy the puts and wait with the occasional scalp of a front month…or just synthetic short with a very loose disaster call (based on account size and appetite for risk) and not even sell any front month.

Overall it’ll be a good trade. Happy with the experiment. It’s just hard to fight the never ending lack of volatility.



Final #LongPutDiagonals #SyntheticShort roll…

Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit

Rolling ITM

#VXXGame #LongPutDiagonals Most of us have long known the folly of selling puts on $VXX and $UVXY. It can work during volatile periods but as soon as market drifts higher, these go ITM very quickly. I’m rolling my diagonal weeklys to further dated but still ITM positions. The long term positions are fine, but as @fuzzballl says, these short-term puts won’t always be easy.

Rolled VXX Sep 22nd 45.5 puts to Oct 6th 44 puts for .02 credit
Rolled UVXY Sep 22nd 29 puts to Oct 6th 27.5 puts for .15 credit.


Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…

Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit



#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.

Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even