New SVXY trade

Entered into a new SVXY trade on todays big sell off. Looking to take advantage of a rebound.


Buy 35 SVXY JUL 15 2016 59 Calls at $5.50

Closed out SVXY position

Closed out SVXY position for a loss. Not liking the rising VIX. Going to stay in cash through the Fed meeting next week and probably the Brexit event the following week.

Sold 60 JUL 15 2016 SVXY 65 Calls at $4.90 for a loss of $4,100 which is a RIO of -12%.


Account value at $47,811.

Added more SVXY

Added some more SVXY, hoping for a dull week before the Fed meeting next week.

Buy 30 JUL 15 2016 SVXY 65 Calls at $5.80

Enter small postion

Going to enter a small position here. With the Fed meeting coming up next week, I don't want to put too much at risk.

Buy 30 contracts of JUL 15 2016 SVXY 65 Call at $5.30 per contract.

Closing out trade

Taking profits on trade before holiday weekend.

Sold 70 JUL 15 2016 SVXY 58 Call for $7.35 for a profit of $11,320 and a ROI of 28%.

This puts the account total at $51,911.

Roll out trade

Rolling out trade as we are down to less than 25 days left.


Sold 100 JUN 16 SVXY 57 Calls at $3.95 for a loss of $12,820 for a a ROI of -12%.

Bought 70 JUL 15 2016 SVXY 58 Calls at $5.70


Account value is $40,591

April Roll trade out

With the trade down to only 22 days left I have rolled the trade out.

Closed 56 contracts of the May 16 SVXY 48 Calls at $9.40 for a profit of $28,932 which is a RIO of 123% in 34 trading days.


Bought 100 contracts of the JUN 16 SVXY 57 Calls at $5.20


This brings the current account total to $53,411. This is a 434% increase since Feb.

Selling VIX options has been very profitable these last couple months.