I love it!
My options would do just fine on a move to $18 since they have 225 days to expiration! That's a long time brohim! You sure are confident it won't hit 20 considering it's up 3 days in a row! We got it brohim! Looks like tomorrow will make it 4 days in a row! I am excited, I own 810 of the January 95 calls I paid only 35 cents for. When those are at 2.50, that's an investment of 30K worth over 200K. I know it aint much in King's world, but for this old gal, that is nice nice NICE!
King! How you doing brohim! I will bet you a line of coke that UVXY gets over $20 without a reverse split!!!!
I now own 810, plan to sell 510 at 2.50, and let the other 300 ride a bit. This is easy! 3 days in a row UVXY up!!!
Gap is closing. XIV still leads 32.56 to 10.24. The gap is down to $22.32. It's getting closer!!!! Three days in a row UVXY up, let's do four in a row tomorrow!
$20 soon for UVXY!
I love it.
All will expire worthless, but even if this somehow stayed over 4 for the next 8 days, does anyone really think it will close over 4.60? lol. CEO fraud, site outages, the whole enchilada.
The investment of 28K will be 100K locked in, and let the rest ride. Calls are already at 65 cents now.
I now have a total of 800 of the 95 calls, paid 40 cents average. IMO I will see 2.50 for them, so 32K becomes 200K. Best of all it was financed by shorting LC and also the profits on the Jan $50 which I sold today. We going to crash. Doesn't take much to get those calls to $2, UVXY at 25 should do it. Let's get our third day in a row in the green column today.
I love it.
It sounds like you are quite familiar with these products! So I assume you know that the Jan $50 can easily hit 4.50, then go to 0. My plan is to sell the whole enchilada at 4.50. That gives me proceeds of 135K on investment of 20K. Then, at that time SVXY will have fallen to 40 or lower, so I will buy 2018 or 2019 calls on SVXY. Rinse and repeat! It looks like a third consecutive green day for our good UVXY!
Today looking good, and we have 225 days to go. It's going to be a lovely year. I bought them for 20K, will sell for 135K proceeds. Lovely!