I'm weary of my exposure to VXX and will try to reduce my exposure to it. For now, the price action seems to be stabilizing below the S/R line of $38. This month's entries seem tight due to the price offerings and when I entered. I'm not totally happy but it is manageable just not as defensive (Previous VXX trade I could get a good price at +60% from the strike)
I might exit these trades a week early and take a smaller profit so that I can get better Aug prices.
My Concerns on the VXX:
1) Inflation worries seem to be quietened but this will come back
2) VXX has an exposure to the Tech sector and that sector is pretty volatile especially with it's crazy bullish moves
Sold 45 Calls @ 1.02 Strike 51 - Expiry 16 July
Sold 15 Calls @ 0.82 Strike 46 - Expiry 23 July
BP Block: 53K
Max Gain: Est $5285.76
% Distance to Strike 51: 37%
% Distance to Strike 46: 29%
I might exit these trades a week early and take a smaller profit so that I can get better Aug prices.
My Concerns on the VXX:
1) Inflation worries seem to be quietened but this will come back
2) VXX has an exposure to the Tech sector and that sector is pretty volatile especially with it's crazy bullish moves
Sold 45 Calls @ 1.02 Strike 51 - Expiry 16 July
Sold 15 Calls @ 0.82 Strike 46 - Expiry 23 July
BP Block: 53K
Max Gain: Est $5285.76
% Distance to Strike 51: 37%
% Distance to Strike 46: 29%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.