In my July 29th blog entry I talked about spreads opened since May 5th, but didn't include the breakdown for each one. Here they are, plus the ones since then, up through August. The number of contracts was not the same for each trade, but they even out to being close enough to the same. Taken all together, I tried to make about 15 cents per set of contracts, knowing I could end up making nothing at all or worse, lose money, or worst of all, face a possible maximum loss of 75 cents per set of contracts if all went wrong. It turns out I made 10 cents per set of contracts (each set being a short call and a long call. With the multiplier of 100 for this security, that's $10 per pair of long call and short call.)
Here are some notes I took,including the level UVXY was trading either when I opened the position or sometime during that day:
May 5, 2021 May14th exp spread opened 8 days out, while UVXY at 4.43
Sold to open UVXY May14th 4.50 strike calls at 0.27
Bought to open UVXY May14th 5 strike calls at 0.17
Max profit: $0.10 Max loss: -$0.40
Sold to close 5 strike calls at 0.01
Bought to close 4.50 strike calls at 0.11 Closed for completely flat
May 10, 2021 May21st exp spread opened 10 days out, while UVXY at 3.98
Sold to open UVXY May21st 4 strike calls at 0.29
Bought to open UVXY May21st 4.50 strike calls at 0.19
Max profit: $0.10 Max loss: -$0.40
Sold to close UVXY May21st 4.50 strike calls at 0.04
Bought to close UVXY May21st 4 strike calls at 0.44 Closed for partial loss of $0.30
May 17, 2021 May28th exp spread opened 10 days out UVXY at 4.40
Sold to open UVXY May28th 4.50 strike calls at 0.49
Bought to open UVXY May28th 5 strike calls at 0.37
Max profit: $0.12 Max loss: -$0.38 Closed for Max profit of $0.12
May 21, 2021 June4th exp spread opened 11 days out, UVXY at 4.36
Sold to open UVXY June4th 4 strike calls at 0.63
Bought to open UVXY June4th 4.50 strike calls at 0.47
Max profit: $0.16 Max loss: -$0.34 Closed for Max profit of $0.16
June 1, 2021 June11th exp spread opened 8 days out, UVXY at 36
Sold to open UVXY June11th 36.50 strike calls at 2.705
Bought to open UVXY June11th 37.50 strike calls at 2.455
Max profit: $0.25 Max loss: -$0.75 Closed for Max profit of $0.25
June 9, 2021 June18th exp spread opened 7 days out UVXY at 33.81
Sold to open UVXY June18th 38 strike calls at 1.55,
Bought to open UVXY June18th 39 strike calls at 1.43
Max profit: $0.12 Max loss: -$0.88 Closed for Max profit of $0.12
June 16, 2021 June25th exp spread opened 8 days out UVXY at 30.85
Sold to open UVXY June4th 36.50 strike calls at 1.6733
Bought to open UVXY June4th 37.50 strike calls at 1.55
Max profit: $0.1233 Max loss: -$0.8767 Closed for Max profit of $0.1233
June 30, 2021 July9th exp spread opened 7 days out UVXY at 27.78
Sold to open UVXY July9th 32.50 strike calls at 0.58
Bought to open UVXY July9th 34 calls at 0.42
Max profit: $0.16 Max loss: -$1.34 Closed for Max profit of $0.16
July 28, 2021 Aug6th exp spread opened 8 days out UVXY at 28.41
Sold to open UVXY July9th 32 calls at 1.30
Bought to open UVXY July9th 33.50 calls at 1.07
Max profit: $0.23 Max loss: -$1.27 Closed for Max profit of $0.23
August 16, 2021 Aug20th exp spread opened 4 days out UVXY at 23.70
Sold to open UVXY Aug20th 26.50 calls at 0.41
Bought to open UVXY Aug20th 27.50 calls at 0.34
Max profit: $0.17 Max loss: -$0.83 Closed for Max profit of $0.17
August 16, 2021 Aug27th exp spread opened 9 days out UVXY at 23.70
Sold to open UVXY Aug27th 26 calls at 1.13
Bought to open UVXY Aug27th 27 calls at 0.99,
Bought to cover UVXY Aug27th 26 calls at 0.12
Sold to close UVXY Aug27th 27 calls at 0.07
Max profit: $0.14 Max loss: -$0.86 Closed for partial profit of $0.09
August 24, 2021 Sept3rd exp spread opened 8 days out UVXY at 23.61
Sold to open UVXY Sept3rd 26.50 calls at 0.96
Bought to open UVXY Sept3rd 27.50 calls at 0.82
Max profit: $0.14 Max loss: -$0.86 Closed for Max profit of $0.14
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