Stopped out of SVXY JUL 87.5 calls for 2. SVXY hit new ATH at 90 then pulled back. I tried shorting it but it keeps hitting new highs every day. You would think with the structure of VIX futures the SVXY would get close to flat as it is synthetically short the front month. The option prices get squirrelly close to expiration so I am out for now. 7/19/17
Re: 7's -- there is the DEC93 low at 8.89 to get through: Would think buying any near calls (under 11?) with 2 - 3 mos expiry will pay . . . http://invst.ly/4h3zu