VIXY Bearish inclined Naked Calls 22 July Expiry

Ronin_trader Updated   
AMEX:VIXY   ProShares Trust VIX Short-Term Futures ETF
  • Whats The Plan/Trade/Thought
    Selling Calls on the VIXY goes against my market stance. But it has a good distance of 34.35% away from strike. Price action is ranging with the past volatility VIXY’s peak has still been below 24.65.

    Risk Mitigation
  • There is a S&R lines at 24
  • There will be volatility and as such I have only purchased a small amount with a BP of 36k and I will be able to hold it even if it goes up by 3x

    I Feel
  • No feelings

    Imagine Yourself Taking The Other Side
  • The entire daily chart is ranging so in my opinion this is about being able to sustain the volatility

    Look For New Information
  • Nothing here

    Trade Specs
  • Sold 110 Calls @ 0.20
  • Strike 25
  • 34.35% to Strike
  • BP Used: 36K
  • Max Gain: 5.5k
Trade closed: target reached:

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