January's Hedge Trade
This trade hedges PG my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if PG surges this should mitigate the loss.
It is 15% of the premium from Jan's Primary and Secondary trade. If things go well I should not need to cash this at all.
Bought 7 Puts @ 1.10, Strike 17
It requires an est -7% drop to reach the strike
This trade hedges PG my secondary trade which is riskier as it was strategically structured to be the opposite of the border market movement. Hence if PG surges this should mitigate the loss.
It is 15% of the premium from Jan's Primary and Secondary trade. If things go well I should not need to cash this at all.
Bought 7 Puts @ 1.10, Strike 17
It requires an est -7% drop to reach the strike
Trade closed manually
Closed this at a small gain as I closed my PG trade. The total gain of VXX + PG was higher than the PG premium I would earn if I waited for it to expire. This was great also because it derisked my holdings
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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.