SOLD VXX JUNE 17TH SHORT PUT
... for a $94/contract credit.
Unfortunately, I forgot to jot down the metrics here.
I wanted to ladder out spreads (see Post Below), but it didn't look like those we're going to be filled, so I opted for the more flexible naked, which I can roll down and out for duration and credit if I have to. Doing that with the spreads is a bit more cumbersome.
As with all VIX/VIX derivatives, I look to money, take, run on a pop, but am shooting for 50% max credit here if I can get it.
Unfortunately, I forgot to jot down the metrics here.
I wanted to ladder out spreads (see Post Below), but it didn't look like those we're going to be filled, so I opted for the more flexible naked, which I can roll down and out for duration and credit if I have to. Doing that with the spreads is a bit more cumbersome.
As with all VIX/VIX derivatives, I look to money, take, run on a pop, but am shooting for 50% max credit here if I can get it.
Trade closed manually:
Closed for a miniature profit ... .
