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.

Roll trade out

Rolling the trade out since there is only 23 days left on the current option.

Sell 50 APR 16 SVXY 44 Call at $4.70 per contract for a total profit of $7,830 and RIO of 51%.

Execute new trade:

Buy 56 MAY 16 SVXY 48 Call at $4.20 per contract.

Buy Signal

Another Buy Signal has triggered. This is a difficult spot with the Fed meeting coming up in a few days, but the Contango roll ( Juice as I like to call it) is very nice at the moment. If there is no bad news over the next couple weeks and the VIX doesn't spike, SVXY could have some very nice gains.

Opened the following trade:

50 contracts of APR 16 SVXY 44 Call for $3.10 per contract.

Sell Signal

Sell signal triggered today for the SVXY trade.

Closed out the trade at $6.10 per contract for a total profit after commissions of $6,649 for a RIO of 68%.

Buy signal for SVXY

Going long SVXY.

Purchased 27 contracts of APR 16 SVXY Calls at $3.60 per contract for a total of $9,820

New strategy using SVXY etf

I will be documenting a new strategy which is using the ticker SVXY which is an ETF based on the VIX. This ETF is an interesting strategy by itself but sufferers from large potential losses when the overall market has large sell offs. I will be attempting to only be long the ETF during periods when the VIX Contango yield is high, which is good for SVXY. I will be purchasing Call options on the ETF in order to leverage the gains. For those who do not want to deal with the annoying K-1 tax forms involved with this ETF you can use the XIV ETF and just purchase the stock itself. I will be starting with a $10,0000 investment.