#rolledup $UVXY rolled Feb 02…

#rolledup $UVXY

rolled Feb 02 $10 calls to Mar 16 $11 call for $1.05 credit. I expect by March the UVXY will revert to trend and be well below the strike.

rolled second tranche Feb 02 $11 call to Feb 16 $12 for 0.50 credit. I will be out of town next week and half with limited internet availability.

Expiration

$CMG 330 put
$CLF 9.50 call (Covered)

#shortputs
Assigned $DUST 70 put Basis 58 (*^&$#&*%$)
#rolledup
$NUGT 1/6 9 call rolled to 1/20 10.40 call @ .19 debit

$SVXY #CoveredCalls #RolledUp – so…

$SVXY #CoveredCalls #RolledUp – so week to week I decide whether to keep my long stock and let it work. I rolled up big positions this afternoon but I also have some OTM and NTM calls that I will deal with tomorrow.

Bought to close SVXY Apr 01 2016 48.0 Calls @ 2.91
Sold SVXY Apr 29 2016 51.0 Calls @ 3.36 – a 3 point bump in the strike price plus a 0.45 credit

Bought to close SVXY Apr 01 2016 47.0 Calls @ 3.75
Sold SVXY Apr 15 2016 48.5 Calls @ 3.85 – a 1 point bump in the strike plus a 0.10 credit (could have done better)

Bought to close SVXY Apr 01 2016 47.0 Calls @ 3.60
Sold SVXY May 06 2016 51.0 Call @ 3.70 – a 4 point bump in the strike plus a 0.10 credit

I’ve now spread out my calls a bit into different weeks so I don’t have a repeat of this week’s action causing me to roll all of my positions at once.