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still have all svxy shares but started unwinding my dec and jan uxxy puts for profit. sold 31 so far
looking to sell covereds on my svxy have 2400 at 68.01
good post, nice intraday moves in this, get in get out hold for a few days if vix below mean if you feel markets want to retrace. Have balls of steel and crack in your veins.
I prefer to short any pop but see how money can be made on this.
btc on open got some $$
selling weekly covereds(24) now will try to ride these shares and help downside protection. I wouldnt mind keeping the bulk of svxy shares through new year.
correction I have 2400 shares of SVXY at 68.04 looking this afternoon on selling covered calls to lower cost basis
i guess I am going to buy puts in uvxy march 2015 random strikes at open and hope I am not way way to early. I am starting to run out of powder in my day trading acct. I will get another 400 svxy at weeks end. giving me 2500 in upper 60s
i am completely submerged at this point. I have 2100 shares at 69.8 I have 4 77 puts this week(svxy)
and still holding loads of uvxy puts from dec-march
sometimes your the shark sometimes the guppie
i sold next week 77s
got 11.1 and 14.3
wow my acct was up 9k today as well. Im leaving all svxy puts open.
tried to close some uvxy puts for small gainers but spread too much.
yeah after I posted I sold some more weekly puts but at 80 for 6.9 then uvxy jumped even more lol
selling weekly svxy puts here 78,77,74 so far.
BTC my 2 weekly 78s for .05 ea from 6.7
haha yeah I loved being the reasonable contrarian to all the long gold and gold miner guys over the last 2 yrs. So many have come and gone.
i should have kept my nugt $45 short lol
at least you didnt buy uvxy calls !
you made money thats all that matters. each time you make money into a uvxy spike you get more confident of its return to mean
you bought svxy puts?
bought a uvxy march 1 $29 put for $10 and 5 jan 15 $25 for 5.39
sold weekly svxy puts $78 for 6.7 ,75 for 3.3 and 71 for 1.4
ihave 800 svxy i have sold 2 weekly svxy puts yesterday at $78 and $75
I have 43 uvxy puts dec-march I am a bit red at moment :/
i will have 800 put to me this week
i ended up selling 12 svxy weekly puts
i bought another half dozen dec-jan 27-30 uvxy puts
i suppose it could make sense, I like the idea of selling time.
bought 5 dec $27 uvxy puts for 7.15
all day every day, have been taking off some of my dec-march uvxy puts but still loaded and selling svxy weekly puts for premuim
i sell weekly puts in svxy, at time it takes balls when uvxy has popped big. I short every pop one way or another. You shouldnt worry too much about a vix run due to market correction. I do not think a gradual market correction could keep futures in backwardation
hope your still raking it in short the miners, I havnt played it in a few weeks missing out but all is well
I typically sell svxy puts weekly right at or below stock price. If several weeks out you can go 5% below svxy and still get nice premiums. I am of the mindset to short any pop in uvxy so this is preferred if going more than a week out.
letting my weekly 80s 85s 86s and 1 87 puts ride should only get 100 shares put to me as of now but cost is 83.95 if it does. Lots of profits for my time
collecting nice premuims weekly not going to change approach until proves diffucilt to profit off of.
good, i guess I misread. Hate seeing people loose $
your really holding since $7 ?
I like to sell time when possible on a depreciating asset
the tomb is endless
my only hedge long future vix was selling covered calls on my svxy shares which will get called away friday.
I will not try to time vix pops only short when it does.
that being said I am putting orders in to close some of my uvxy puts to secure profits but will continue to sell weekly svxy puts to get premuims
well I just sold 2 more sept26th $86 puts for 2.29 ea
b4themomo Tuesday, 09/16/14 12:17:08 AM
Re: None
Post # of 7016
Like I said at 2.65, a fortune is going to be made here. A fortune. I have 25k shares. I plan on buying an NHL team with the proceeds. Lols.
I sold some weekly $80 strike for 2.1
i got 300 put too me over the weekend at a cost of 83.14
I sold 3weekly covered calls $84 strike for 1.5
vix rolls 9-16 even with current conditions uvxy on coarse for 10-12% trim
no shares put to me last week, running weekly puts 84.5-86
just sold last $86 put for 1.51
prob going to let my sept 12 84.5s ride
my weekly 83s-84s will expire worthless today
i have 2 87 weeklies i got 2.5 cost basis for. RIght now ask is .45 if it doesnt come down closer to the.2 bid I will just roll the die. get the shares at 84.5 if assigned
sold 2 sept 12 84.5 puts for 1.75 ea