VXX: collect 2.55% premium on this cash secured put with strike at $60.
Contract expires in 3 weeks on 2nd May.
Holding a net short position on VXX after taking in some short calls that went into the money and assignments over the past 2 weeks.
Volatility remained elevated and stays above $70 for now.
Overall net short at $60 so will be waiting for price actions to drop below $60 and then cover back all shorts when possible.
Multiple timeframes trades to spread out the capital outlay in the event of assignment.
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- AL_Ishan·04-17$70 is pretty high…LikeReport
- happygo·04-17Great strategy with the puts!LikeReport