UNG

#LongPuts #LEAPS – Adding and averaging down. Hopefully have these paid for by the end of the coldest weather…

Bought UNG JAN 17 2020 28.0 Puts @ 2.95
Bought UNG JAN 17 2020 28.0 Puts @ 2.75

UVXY

#LongPuts #LEAPS #ShortCalls – Taking a little risk off and looking for new sales…

Bought to Close UVXY NOV 23 2018 75.0 Call @ .75 (sold for 2.55)
Bought to Close UVXY NOV 30 2018 80.0 Call @ 1.09 (sold for 6.32)

UVXY

#LongPuts #LEAPS #ShortCalls – Now that we’re easing back into contango I’m going to lower the number of short calls I have at risk at any given time so gradually closing those for nice profits. I’ll continue selling one (or two) every week at the top of my put ladder. Short 10 puts against one short call would give me protection for about 30-40 points of upside depending on the week of the call sale. I would welcome the opportunity to roll the short call and let the puts expire…

Bought to Close UVXY NOV 16 2018 70.0 Call @ .38 (sold for 3.40)
Sold UVXY NOV 16 2018 50.0 Call @ 3.00

Analyzing just the call sale against the short puts gives this. The downside is exaggerated here since I’ve unchecked the LEAP puts that I’m long.

UVXY

UVXY

#LongPuts #LEAPS #ShortCalls – Bought to Close UVXY NOV 9 2018 62.0 Call @ .10 (sold for 2.72)

DUST

#LongPuts #LEAPS – Selling against the long 40 strike LEAPS.

Bought to Close DUST NOV 16 2018 22.0 Puts @ .05 (sold for .45)

Sold DUST DEC 7 2018 25.5 Puts @ .60

UVXY

#LongPuts #LEAPS – Staying aggressive while there’s still some premium in these. Selling above my block of 50 strike short puts.

Sold UVXY NOV 23 2018 60.0 Call @ 2.17

UVXY

#LongPuts #LEAPS – Had been selling these aggressively above the 50 strike LEAPS. Rolling out and down now to get back more in alignment. Short calls working great…

Rolled UVXY NOV 9 2018 56.0 Puts to NOV 30 2018 50.0 Puts @ .10 credit