Market conditions were indicating a potential drop in the market. ModernCents portfolio managers placed this small VXX position to help offset some of the long deltas in the portfolio. The combination of closing the Put Vertical Spreads inside the Iron Condors and the purchase of this VXX position were the only measures taken to help offset the large positive...
The Relative Strength Indicator (RSI) crossed below 30 at opening bell. Executed order at 74.79 per share. See ModernCents monthly CENTS Newsletter for more details and updates to the portfolio.
With the recent drop in crude oil prices, looking to capitalize on HAL. The stock was bought at $40 per share and will be held until target range of $50-$52 per share is reached. Current dividend is 0.18 with next ex-dividend date on 8/31/2015.
Current visual snapshot of the risk associated with current option positions inside the ModernCents Dividend Portfolio. Each light blue line represents the location and days to expiration (DTE) for the short calls and puts.
