Today’s option expiration finished somewhat differently than I thought it was going to as of a week ago. Here’s the breakdown of how it went down: VXX, two August 24 Puts – I’ll be assigned 200 shares of VXX on Monday morning. Instead of trying to roll these puts I sold covered calls on the shares…
Tag: VXX
Sold More VXX Naked Puts
I’m having a fantastic month so far which typically means my luck is about to run out. (The IB portion of my account got above $100k today after finishing June just above $90k, plus a $3,000 deposit I sent in early this month.) Before anyone says anything, I know that’s not an actual scientific/reasonable way…
VXX Chart – Solid Support
I charted VXX this afternoon a little after 3:00 pm when it was trading at $26.74. I’ve mentioned VXX a couple of times and have a two August 24 naked puts I’m sitting on. I’m considering adding some more at lower strikes. I’ve been sprinkling in a few 21-23 strike puts for some clients and…
Sold VXX Naked Puts
This is an interesting trade to me because it’s a derivative on a derivative. VXX is the iPath S&P 500 VIX Short-Term Futures ETN. In other words it’s an “ETF-like product” that tracks the VIX, although not at a beta of one. The VXX is less volatile than the VIX. My plan is to take…