Buy 1,000 shares of ERX at $27.65.
9/11/15 11:17am CST
Cover 1,000 short sell by buying 1,000 shares of UVXY@ $69.23 @ 8:06am cst on 9-8-15
Approx. $8,700 profit
Short 1,000 shares of Uvxy at $77.93
9-4-2015 @ 11:22am
Time of Prediction: 8/31/15, 5:16pm CST
Stock: UVXY
Buy 1,000 shares at $69
Sell the Sept. 25, 2015 calls and puts at the money
Sell the $69 call for $15.50
Sell the $70 put for $16.85
Then buy the $50 put for $6.75
You bring in $32.35 in premiums
= $32,350, minus the $6.75 for the put
=$25,550 in net premiums for 1 month.
UPDATE: 9/1/15, 10:12am CST
Short sell 1,000 shares @ $80.
UPDATE: 9/2/15, 2:50pm CST
Buy 1,000 shares of UVXY @ $72 to cover short for an $8,000 profit
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