i usually sell puts in svxy sometimes weekly sometimes long dated. If i miss time it i accept commons then sell calls on them


My profit is good but horribly miss timed my call value today is $38 per contract or $95000 lol I got paid a fraction of that. Luckily my cost basis is good enough to make nice gains from strike

Right I would have to look at other variables and cost to hold uvxy in terms of share(maybe a 3 part leg when low Vix persists) or lo gdate uvxy calls where again you leg in on low Vix .
* again would only do this as a hedge or under a very explosive geopolitical moment

On my 6 90s 102%
On my 24 65s 28% ??

I've also sold many svxy puts that I btc mainly between 30-60 strike
Overall nice year but I grossly cut my self short on many puts I sold and my 65s but when I sold calls market was not nice and I was happy with potential profit with the mindset I would btc then sell again

Eric,
Your one of the only names I recall from several years ago.
How's your strategy ?
I have been prodomitly short the Vix but thinking of going long when certain variable persist (i.e.: all time high Vix under 12) as a hedge

Thanks I have 30 covered calls expiring Inauguration Day

To bad 90 is the highest strike but papa getting a new pool out of it ??

I bought my last 1000 at 32.19 lol too bad I didnt get more down there.

:)

I will short it if it gets there

I have dabbled with idea of buying cheap OTM calls on uvxy when vix is extremely low (12 range) December and first 2 months this year saw a big decline and spot vix touched 50 while futures were in backwardation for extended periods.. SVXY went from $97 to sub $30 So while I think its possible for svxy to RS under extreme conditions those conditions would also likely spell great hardships for any investment. So far this year my selling puts on svxy at high vix has yeilded best results. june puts for first qtr were money and i should have held longer but I believe i profited at a rate of %50 or greater. I sold svxy covereds too early. but this year will be my biggest sheer profit year IMO. I believe svxy will get to 80s at least. I will sell all shares much lower hahaha

have you read the prospectus? You can win with these but you better be nimble, I would think its safer to short all of these 3 time etfs at same time.

this is a really tough vehicle to be long in. even a sliding market just continually edging down wont keep uvxy up, it needs big drops in markets or geo political fervor. I would maybe nibble long options far enough out that time wont kill you when vix gets real low like under 14 and make sure to sell when you are happy with the green

awesome man! glad your doing well, I have 3k shares of svxy I sell covereds on along with staggard puts I sold on svxy. I have just been closing the trades as profits appear either way. I have shorted nugt on occassion but usually cover much to quickly. Until last week I shorted it at 45-48 last year and covered after a$1000 gain and watched it RS and go down to 20 lol.

I shorted 200 thursday and made $$ and shorted yesterday half but may just let it ride a while.

Glad your doing well and hope others here are taking your sage advice

You said that Thursday when I shorted
One night hold $1000 profit on 200 shares. If I held this a year it would rs again and be below current price

Took a short here, half the size of last thursday. 100 at 56.31

I covered at 53.13 and 52.68 got happy for the overnight hold from 58.68
Still short every big pop in this

hey doc! you still playing inverse vol futures?

So far so good from 58.73 cost basis

If your thinking spy reverses hard at 1950 you could try uvxy or one of the leveraged spy daily etfs.

I would only feel safe going long uvxy when vix is real low, but others have stronger fortitude than I. GOod luck and keep taking profits !

Short

If its up today I am going to Initiate a Short sell.(prob only 100 shares to start)

I cringe when I listen to people talking about charts on uvxy. It does not have any support resistance or cup and handle magic moving rhythm. It is based on future vix contracts and resets. If there is anything you can use its S&P(only sharp moves will move vix) spot vix and contango or backwardation to calculate movement. otherwise when front 2 month futures go down this drops when they go up this rises.

keep in mind the vix is mean reverting .

All covered

sold some $37 naked puts yesterday

Bought some $36 puts which I sold this morning for doubles ++

If i get the 37s i will stagger with the $65 calls

just sold 25 jan 17 $65 calls for $1.91 so vix should go below 20 any moment lol

Nflx options seem to have great premiums, could someone explain why ? My initial thought was implied volatility by any insight would be very helpful

Thanks in advance

just here to report major dropped ball, I closed calls yesterday morning didnt pull trigger on re selling when january 105s hit 1.85 per, OUCH would have closed them today when bid/ask was .5-1 missed on $2200 minumum, I would have also tried to lower ask before closing so potentially hundreds more.

I agree vol will be higher but uvxy will still RS this year , maybe march maybe not but it will

happy hunting and stay nimble

btc- 14 jan $110s for 1.4 from 1.85

btc 3 jan 100s for 2.2


I will quit posting these small moves but please interject with any thoughts.

$700 gain on day in 20 minutes

*14 at 185 yesteray were 110s my apologies if i put 120s on previous post*

btc 3 jan 17 $100s as well yesterday for steaks 3.38 btc 2.15

sold 14 jan 17 $120s 1.85

sold 3 jan $100s again for 2.68

btc 14 jan $95 calls for $2.65 from $4

will look to sell again

by all means make that money!

I am honing in on my process of selling volitility over a vix of 20(usually selling svxy puts) but have purchased uvxy puts if premuim isnt wacky

closing positions or at minimum hedging(selling calls) when vix hits low teens. In mean time I sell leap calls but if vix got to say 12.8 next week I would look to close leaps and be more aggressive in my hedge of a vix spike. IE i would btc then sto maybe 60-70s get more premuim for the eventually spike in vix and rise in futures. Once I was up significantly in those calls I would btc wait for mean reversion and go back to leaps especially if contango regained control. As always I reserve the right to scalp my leaps daily or weekly if profit presents itself.

good luck and share some ideas if your inclined

thanks chuter I just sold 14 $95s jan 17s for $4

I agree vol has been up but even if it stays increased contango still the enemy of uvxy.

i actually just grinding second half of year no big paydays since may 8th lol but eoy numbers still look good so I will just embrace the grind

GLTY

btc my 105s 3.16

$700 on the day take it and hope for green markets tomorrow

btc my $100s at 3.66 from 4.01 yesterday

sold 14 Jan 17th 105s for 3.38

update just been selling covered calls on my core position some scalps some nice gains but nothing huge still reporting 10-12% gain on year.Woulda coulda shouldas apply as always this year. One of my buddies I got selling puts on vix over 20 has made great returns. timingiseverything

looking at selling covered leaps and just consistently taking profits.

sold 14 jan 17 $100s for 4.01

plan is to btc at 3 or better on down move and rinse/repeat or if we vix smash too hard and I never get a chance ill get called away and be super happy

closed calls today .08 on my yesterday sale at .51 so $600 or so in my pocket. kinda thought this would happen but didnt want to sell outright incase market surged on china surging on us lol. If svxy goes to 40s off this I will put another 40k on it. Elevated vix has persisted, but still uvxy doomed

sold 14 $75 calls october 16th .51 for

looking to sell some longer dated calls when we benifit some from contango

I knowI got 400 at 50 and 400 more at 46 hard not to take some profits here holding 1700 total right now and a few december $64 puts that I got $20 for now 9.

I just wish I trusted uvxy puts more. when I do use them I do well but premuim is so expensive it shys me away

just got 400 earlier at 50.26

come saturday I will have 1500 shares luckily 900 will be closer to current level but the other 400 are about $88 average

thanks but I am still learning everyday,

as far as puts its just math to me. when uvxy spikes like this I look at the mean revert in vix and calculate risk/reward on the premiums. I look out at 2016 and know that with contango in play uvxy will drop x % Ihave done fairly well with these typically returning 20-30% ( i never can seem to hold on for the huge uvxy drops) I make more overall gains by selling puts in svxy and only on occassion get shares put to me. I do have 1500 now but this only happens several times a year when I get ran over by an event.( Note I got 1000 put to me and bought 500 yesterday at 50.12 ) so now I will sell calls on those shares after another vix smash down which should happen any day now without a catalyst.

yeah i am confused I guess the extreme backwardation had it off?, today seems to be tracking normally and I am buying 500 svxy mainly to average down and sell calls lol I got ran over last week

good play!

i think it closes today at $68 based on vix at 37.9-31 in 1 hr and futures arleady quit rising