The Dec 17th series of UVXY calls look cheap to me considering there are 36 days to expiration. Rolling some or all of the Nov position into Dec 17th series makes a good "time vs strike" argument, i.e., buying some extra time without losing too much leverage. UVXY Dec 17th $16C = 2.10 UVXY Dec 17th $17C = 1.95 UVXY Dec 17th $18C = 1.77 UVXY Dec 17th $19C = 1.60 UVXY Dec 17th $20C = 1.45