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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (871)12/12/2013 12:13:50 PM
From: Bridge Player  Read Replies (1) | Respond to of 2591
 
Rolled the short puts on UVXY 12/13 19.5 up and out to UVXY 12/20 20 puts, net additional premium rec'd of .90, total net premium rec'd now 1.70/contract (minus commissions).

Underlying UVXY has been strong last couple of days with weak market and increase in volatility. Weekly options combined with good premiums appear to make this a useful hedge when the market drops and may push other short puts into the money.