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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