VXX: collect 1.2% premium in this cash secured put with strike at $50.
Contract expires this Fri on 16th May.
VXX dropped 13% on Monday after news of lowered US and China tariffs and the market rallied. This is turn meant reduced volatility in the meantime till the next event.
Chance to cover back some of the shorts I've sold over the past few weeks when volatility spiked. Will start accumulating VXX at $50 and below as expect the 90 days world wide pause to eventually create some last min uncertainty before it either extended or selected countries get their deals completed.
Either way, it's inefficient way of world trade that causes uncertainty and possible missteps.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.60 1Lot(s) | -- Closed |
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