Replies to post #819 on ProShares Short VIX Short Term Futures ETF (SVXY)

[37thirtyseven37]

If you bought SVXY PUT options at $70 and $100 strike price that means you thought the stock was going to go below those. It’s at $10-12 this week. You should sell those for $5800-$8500 per each option. Or cash in the option and sell each one for 100 shares at those prices and then buy the stock back for $12.

Why would you not have already sold those? SVXY isn’t going to drop much more and if you are waiting for it to drop the final $10 greed runs too high my friend.

Now if you bought CALL options to hit $70, those are worthless. And it’s not worth averaging down but just starting over.

[37thirtyseven37]

Oh I see what your saying... you purchased them at $8500 each average price?

And now they are worth less than that?