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i sold 400 at 85.52 not because I think uvxy will gain but simply to take profits. I am still hold over 30 uvxy puts from dec-march and strike from $37-25.
I also sold svxyweekly puts yesterday $83 for 1.02 average
no i got paid $195 for each contract so I am in those at 83.05
Yes They were assigned so I have the shares and yes I have money to cover the trade
ok thanks I thought it was 3 pm bell its my fault. I would have rather not had responsibility over weekend. I was aware of after hours trading but not of after hours options :(
? i got all puts assigned, the close was 85.03 so how was I assigned the 85s?
i sold 4 puts this week 2 85s at $1.96 average and 2 87s at 2.62 average will be on and off today but thinking I will just let them ride
when you say roll, you mean buy back covereds and immediately sell 120 covereds ?
its funny I dont trade in my roth nearly as much but its nice I have the majority of my holding in svxy at 54 but I sold covereds on them december $80
Awesome man !!
I did well my 4 weeklies expire worthless so makes up for me selling my chunk of shares.
Congrats on the profits I post my plays in hope of others honing a better way off the same thought (and sharing the thoughts with me)which is shorting a depreciating asset.
selling 4 svxy $86 weekly puts here at market
sold 2 svxy 8/29$85 puts 2.45
i sold my 1200 shares here at market got 85.94(+ 4.37 per share). will access after russia and yellen.
i think you might wake up to 87s
BTC 12 weekly $89 puts for .15 from .52
will look to sell again or sell shares outright If i feel janet might slip
i bought 3 more december puts this am all market orders on my phone, Im up nominally, will put in sell order if i get a modest gain out of them today
in about 10 minutes we should see the day play out. Fed survey and home sales. manufacturing index report is out but not on wires yet.
you would need a very swift sell off and continuation to keep backwardation in play, why not collect contango instead of guessing on when a market condition might come into play?
could be decent volatility today with all the data and tommorrow on speculation of what yellen says.
hows that working out for you?
contango
sold some(4?) uvxy puts here december and january for 6-18% profit
bought puts(30) on weekly $25 uvxy when it hit 24.6 sold those for 8-10%
tried to btc between .15-30 my 12 $89 svxy covereds but no dice
sold to close 2 uvxy dec 20th $35 puts for 6.47 profit(15.34)
sold to close 2 uvxy dec 20th $32 puts for 4.6 profit(12.65)
wed aug 20th 2pm est FOMC minutes
those sneaky guys, had a dec $37 put that I set for 17.5 about 10 minutes after close I got an alert it sold. oh well $520 gain
I checked all open orders after 3 but thought they would just expire instead of me cancelling each one.
sold 12 svxy weekly $89 calls .52 hoping enough data,fed minutes and yellen to allow me to buy back wed or thursday for very little, if not I will sell these at $89 and start selling puts next week(svxy) and scaling out of my uvxy puts awaiting some spike
sold 400 have 1200 left
sold a dec $32 put for 20% gain just taking some profits
selling 200 svxy here pre market simply for profits will sell another 200 later if it continues to rise
200 if econ data and world co operates by aug vix expiration
then sell covereds on my remaining 1000
for the doom and gloomers
Kurdish persmuga fighters retook the Damn which provied electricity and water for northern IRAQ.
Ukraine has inspected russian aid convoy and will allow it to DOnetsk
good would have been buying calls as uvxy jumped selling on 10 minute red bar for over 300% then selling svxy puts or buying svxy calls. but alas
yes it is, i sold some svxy puts for pocket change but couldnt bring myself to buy uvxy 27 calls (.78-1.1) would have been a nice triple if if if. On other hand they expired worthless lol I may get another 200 svxy put too me i will have to look
lucky time for me to take profits. still nothing has changed will keep rest of puts and even add to them if uvxy stays here for any length of time
i got stopped on my nugt short at 46.32 i have been so busy with uvxy puts I didnt get chance to lower my stop
wholly green lights my puts have exploded. I should wait til august expiration but I am taking some profits here.
still plan to hold at least half of puts ranging from $25-$37 from december to march
I also have 4 svxy weekly $87 puts I got $3.87 for 2 of them and $15 and $12 for the other 2.
will check weekly svxy to potentially sell covered calls and keep shares into next week
5 red bars then 10 turned green you could have BTC uvxy at 26.67 the 10 min green bar put uvxy 27.11 then turned red currently 26.76
nothing sexy but a tool for quick profits
TA uvxy chart after 5-7 consecutive red bars will have 1-2 green on the 10 minute chart even in deep red days. It can be useful to scalp options or initiate a short on the green bars
16.5 average
so you need $12 uvxy
my march $37 puts are doing great. your still way out of the money, just be patient whats your break even line for uvxy?
well i always try to keep cash on hand for vix spikes but right now I am ~75% short uvxy in some fashion in my day trade acct and 95% in my IRA. so yeah a very big chunk of my portfolio. Actually I may look at taking some of my uvxy puts into cash now that I mention it.
i read one article about higher long term volatility and vix backwardation, I did not save it. I lurk stocktwits some during trading and last 2 weeks have had a lions share of market bears and people calling for uvxy to miraculously change trend(despite its prospectus) siting uvxy has not been around in a bear market.
Iam not of this thinking as I have amassed 1200 shares of svxy in my day trading acct and bought 39 uvxy puts.
I would rather collect contango and hope for the world to stay afloat heck maybe putin will join the fight against ISIS(dreaming)
edit-go look at the tvix forum for some new found optimism in future volatility
Just chatter saying this VOL spike is different
somewhat Off topic I got 400 more shares of SVXY put to me
i have 1200 now with 3 more expiring next week
I also bought 2 december $37 STRIKE puts in uvxy i think $12.2