Thursday, April 26, 2018

April 18th collar started, expiring April 27th

UVXY collar started April 18th:

April 18th:  Sell short 1,700 UVXY at 14.61.  Credit: $24,838.07
April 18th:  Buy 17 UVXY April27th 14.50 strike calls for 0.90 each.  Debit: $1,543.70

Initial risk:  Cost of calls minus potential profit on shares if exercised:  0.11 per share profit would be $187.  Total risk: $1,356.70

April 19th:  Sold above calls for 1.29.  Profit booked: $635.
April 19th:  Bought same calls for 1.12, cost $1,917.70.   New risk, minus profits:   $1,095.70

April 20th:  Sold above calls for 1.37. Profit booked: $397.
April 20th:  Bought same calls for 1.25, cost $2,138.73.  New risk, minus profits: $919.73

April 24th:  Sold 10 of the above calls for 2.33. Profit booked: $1,062. 
April 24th:  Bought same 10 calls for 2.05, cost $2.060.12. Add to cost of other 7 calls bought on the 20th for 1.25, cost of $880.66, for total cost of $2,940.78. New risk, minus profits: $659.70

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