OPENING: VXX SEPT 20TH 20/23 LONG CALL VERTICAL
... for a 1.35/contract debit.
Metrics:
Max Profit: $165/contract
Max Loss: $135/contract
Break Even: 21.35
Delta/Theta: 21.16/.55
Notes: I don't take long vol product positions very often, particularly those subject to contango erosion and/or beta slippage, but with the market at ATH's and the VIX at lows, taking a small shot here with better than risk one to make one metrics ... . It'll be a money, take, run at 25% max or greater.
Metrics:
Max Profit: $165/contract
Max Loss: $135/contract
Break Even: 21.35
Delta/Theta: 21.16/.55
Notes: I don't take long vol product positions very often, particularly those subject to contango erosion and/or beta slippage, but with the market at ATH's and the VIX at lows, taking a small shot here with better than risk one to make one metrics ... . It'll be a money, take, run at 25% max or greater.
Trade active
Probably pulled the trigger on this a little earlier than I should've. Rolling the 23 short call down to the 22 for a .27 credit; scratch at 1.08/break even at 21.08, max profit at .92.Trade closed manually
Taking this off here on this pop for 1.31. 1.31- 1.08 scratch = .23/$23 winner.
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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.