HI cynnical guy, how are you playing SVXY? Are you holding the stock as well as selling covered calls? Or buying calls on it?
I plan to do the calculus of various April strikes and sell some calls if the premiums are right.
I would look at SVXY as a long term investment and possibly cover the short calls if the underlying drops in price. I have also sold SVXY puts in the past.
However, despite increased risk, imo, selling TVIX or UVXY short is a far superior speculation as are purchasing puts or selling calls.
But more blarney for another day
Thanks for the reply. Do you think UVXY can dip below $7 by April expiration? I have some puts I bought around $0.60 lol. Hoping to make some dough off that