Ronin_trader

Dec Hedge: VXX Puts - 18 Dec expiry

Short
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
December's Hedge Trade

This trade hedges OLLI my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if OLLI surges this should mitigate the loss.

It is 15% ($827.42 with comms) of the premium from Dec's Primary and Secondary trade. If things go well I should not need to cash this at all.

  • Bought 95 Puts @ 0.08, Strike 14
  • It requires an est -26% drop to reach the strike
Trade closed: target reached
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