VXX: closed the trade for 62% max premium profit.
This trade was deep in the money as of yesterday and I was resigned to get exercised when it expire today 1st Aug.
It was only trading at $42.46 at closing on 31st July and VXX had been trading below the strike of $45 since 21st July.
However a glimmer of hope today when volatility spiked to above $45 so I took the opportunity to close this trade to conserve more capital in preparation for a potentially Volatile market if the market continue to reverse its trend downwards.
I still hold a net 800 shares long VXX at average cost of $49 so I won't immediately need too get assigned more shares for now.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.45 2Lot(s) | +61.99% Closed |
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