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.