SVXY BUCS

#svxy #bucs
$SVXY BTO 6/18 42/50 BUCS at 2.40. Started to shake as I typed in SVXY.

SVXY Puts Closed

#svxy #Bad memory lane
$SVXY BTC 1/17/2020 puts at .05. STO at 4.40 on 2/6/2018. Thank you @fuzzballl and @jdietz1954

#SVXY

Hi all

For those affect by #SVXY#  last year, I was contacted by an attorney in NYC who is filing a class action suit.  If interested, here’s his contact info:

Eitan Kimelman
Bronstein, Gewirtz & Grossman, LLC
60 E 42nd Street, Suite 4600, New York, New York 10165
 212.697.6484   917‑750‑9429   212.697.7296  
 eitank@bgandg.com   http://www.bgandg.com/

 

 

 

#SVXY For those who got…

#SVXY
For those who got assigned SVXY at adjusted cost below $50, have you considered a trade like this?

-Sell the stock at market price
-Sell leap puts Jan 2020 at your adjusted cost strike, for example 50Put for $36.50
-Use the proceeds to buy 5 Jan 2020 leap calls at 15 for $6.00ea=$30

The rest of cash will go back into your account.
Since we already lost the money, selling this put would not create more loss.

If I understand this correctly, the B/E would occur when SVXY reaches about $26 at expiration or less if before expiration.

Main risk is that SVXY does not reach $26 by Jan 2020

Would something like this work?

#svxy SVXY has wiped out…

#svxy
SVXY has wiped out my trading account. I will be getting a margin call which I can’t cover. What happens now? (All the rest of my money is tied up in IRA or 401k.)
Thanks for any advice.
Laura

#svxy WOW svxy is down…

#svxy
WOW svxy is down 75 point – I did not see this coming. With the boat weight so short volatility is there any expectation of a bounce tomorrow? I have 100, 90, 70, 60 put sitting out there. ouch. Thanks Laura

#svxy Is today with vix…

#svxy

Is today with vix at 12.93 and rising a good day to sell puts in this product?

#Shortputs Morning All. Back from…

#Shortputs Morning All. Back from a very enjoyable hiatus with my daughter through the western side of Florida. I was assigned #SVXY at 85 back on Aug 11th. I covered it this morning @ 1.15. I’m still wrapping my head around my Aug 25th 80 and 75 Puts.

#SVXY #ShortPuts #ShortCalls – Margin…

#SVXY #ShortPuts #ShortCalls – Margin issues are still pressuring me.
Bought to close 2 SVXY Jan 19 2018 130.0 Calls @ 38.80 – Originally sold at 7.90
Bought to close 2 SVXY Jan 19 2018 135.0 Calls @ 35.70 – Originally sold at 7.10
Bought to close 6 SVXY Sep 15 2017 165.0 Calls @ 13.40 – Originally sold at 13.43 (breakeven)
Bought to close 22 SVXY Jun 16 2017 55.0 Puts @ 0.11 – Originally sold at 3.55
A net overall loss but not as bad as yesterday.
If the stock keeps hanging around 150 I’ll be forced out of more positions in the next day or two.

#SVXY #ShortPuts #ShortCalls – Margin…

#SVXY #ShortPuts #ShortCalls – Margin issues raising their ugly head again.
Bought to close 2 SVXY Jan 19 2018 125 Calls @ 41.90 – Originally sold at 9.00
Bought to close 10 SVXY Jan 18 2019 20.0 Puts @ 0.36 – Originally sold at 2.00
A net overall loss.
If the stock stays at 150 I’ll be forced out of more positions in the next day or two.

#SVXY #volatility Roll Apr 21…

#SVXY #volatility
Roll Apr 21 $110 put to Apr 28 $110 put for $1.80 when stock at $126.72

Expiration Closed Early and Some Trades

#spxcampaign
$SPX 2225/2250 BUPS 100% profit
$SPX 2260/2285 BUPS 100% profit
$SPX 2445/2420 BECS 100% profit
$SPX 2375/2350 BECS 174% loss

#shortputs$SVXY 95
$SXXY 86.5
$SVXY 100
$SVXY 115
$SVXY 99

Trades
#spxcampaign
$SPX STO 4/28 2175/2275 BUPS @ 3.80 Thank you @fibwizard
$SPX STO 5/5 2225/2250 BUPS @ 3.00 Thank you @jeffcp66
$SPX STO 4/28 2230/2255 BUPS @ 1.30 Thank you @jeffcp66
#shortputs
#SVXY STO 1/19/2018 75 put @6.03 Thank you @jsd501
$AMZN STO 865/875 BUPS @ 2.90

Sold Early

#spxcampaign
$SPX BTC 4/3 2290.2315 BUPS @ .10 STO 3/22 for 3.05

#longcalls
$BABA STC 5/19 105 call 8% profit

Thanks to everyone. Keep our chins up and our brains working.
Have a great weekend

Afternoon all. #contangoetfs #svxy sold…

Afternoon all. #contangoetfs #svxy sold an initial Dec 30th 75 Put @ 1.15 when $SVXY hit 89.00 this morning.