anyone here writing naked calls on uvxy? I remember someone talking about doing it a while back, but forgot who that was...just wondering what platform allows you to do naked options. I can only write covered calls. selling puts is another thing I've been wanting to do on my long positions. no need to respond if you're long uvxy, your opinion means nothing to me.
Most brokers will require a minimum of 25k in your account before you can sell naked calls and puts. However, you could have a much smaller account if you just want to do option spreads, in your case credit spreads.
Before you start selling naked calls for UVXY, remember that the market can drop much faster than it rises.
On June 19, the low for UVXY was 62.34 The next day, the high was 88.75
And that was just a minor correction.
Selling calls appears to be a sure thing with UVXY, but you need to have plenty of reserve cash for fluctuations. Otherwise, you wil be flushed out at the most inopportune time only to see that you were right all along but lost money anyway. Bottom line is you need lots of reserve to short calls.