VXX: collect 2.4% premium on this covered call positions with strike at $50.
Contract expires in 2 weeks on 1st Aug.
Had accumulated some long positions through assignments from cash secured puts sold on prior weeks. These covered calls will form the 2nd part of the wheel strategy to collect premium and also to cash out should the strike $ were reached.
As of now, the volatility in the market is low and in absence of any potential catalytic event that would spike the volatility. Am looking at the 1st Aug when most tariffs pause will end, but then TACO is very real.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.20 1Lot(s) | -- Closed |
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