Seeing that XIV and SVXY have a long term positive bias, I have decided to sell puts on SVXY as well. There are a lot of swings on it, so for this trade, i will relax Teddi's conditions on closing as it is riskier and needs larger swings.... doing ok till now - need to go into the 'bad' territories to see if this really works...
| Trade | Under. | Value | Expiry | Contracts | Strike | Price | Comm | Cash | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7/23/2013 | |||||||||||
| 7/24/2013 | 1 | Sold | SVXY | $102 | 08/17/13 | Put | 1 | $90 | $2.01 | $11.0 | $190.00 |
| 8/2/2013 | -1 | Brought | SVXY | $113 | 08/17/13 | Put | -1 | $90 | $0.55 | $15.0 | ($70.00) |
| 2 | Sold | SVXY | $113 | 08/17/13 | Put | 1 | $102 | $1.50 | $150.00 |
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