October 2, 2014 Trade Alert #2 - Terry’s Trades Portfolio – limit order

With VIX over 17 and IV for SVXY through the roof, I love this trade.  We are collecting $3 in time premium for a single week and will have 15 more opportunities to sell weekly premium while only 3 sales at this level will return all the investment plus some.  I am doing this same spread at a variety of strike prices in my personal account:

BTO 1 SVXY Jan-15 73 put (SVXY150117P73)
STO 1 SVXY Oct2-14 73 put (SVXY141010P73) for a debit limit of $7.50  (buying a calendar)

Happy trading.
 
Terry