"Third stage is indignant whining accompanied by allegations of stock market manipulation. Indignant whining, for Stage Three patients, is often characterized by a delusion suggesting only TVIX longs really have a handle on current economics."
Why would I? I could ride this up to $100 if I chose too. Monday will be a big jump up as well. If it gets to $10 i might add a little more.
The $25 weeklys that I sold last Friday for around $1.20 against my long puts (some are Jan, some March), are basically worthless right now. I can sell more (for the next week expiration) against my longs tomorrow for about $0.35 if UVXY or TVix stay were they are, however I don't think I will. Every time I have sold these for
I don't care, $12 is fine, I'll put on more. Lather, Rinse, Repeat. I was "early" during the last Vol spike as well. I still made out like a bandit.
Reverse split happened on June 23rd. It didn't get down to $5.5 until end of July. Do not pass go, do not collect $200