VXX: collected $340 (3.05%) from these covered calls with strikes at $55. This is $5 higher than my usual strike setup to cater for more upside in exchange for lesser premium return since last Fri VXX had spiked up quite well.
Contract expires in 4 weeks on 29th Aug.
VXX spiked higher by 8.46% last week to close at $45.91. The spike was mostly due to Fri 1st Aug sell offs.
Still a distance away from the strike of $55 and won't mind letting go of the underlying shares since my average holding is at $49.
Will observe coming week market if the Fri sell offs is sustained.
Sold this when VXX was still rising on Friday so it's currently in the red. Am ok with it, as hard to time the market peaks or lows.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.70 2Lot(s) | -- Closed |
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- Porter Harry·2025-08-07TOPNice trade Let’s see if VIX momentum holds this week.1Report
- LeoIII.·2025-08-07Smart moveLikeReport