I am back at the through for more UVXY kibble.
music selection: “Hollow” — Pantera
We had a recent blip of volatility due to Greece and I think it spells a good opportunity to get the right price on UVXY puts. I bought UVXY170120P00010000 for 3.70 a few moments ago. I will target holding until the price is near the strike of 10 when the premium should be about 5 dollars.
In a quick update on UVXY170120P00003000 (which is pre-split and thus at the equivalent 15 strike) my brokerage account shows I am up about 10% (in about a month [gonzo annualized return]). I’ll be holding out for more gains targeting roughly 15 price for the underlying UVXY.