VXX: Losing trade management.
The expiring short put were in the money on 22nd Aug so decided to roll it further by 2 weeks for the same strike at $40 to buy some time and risk assignment.
VXX had been creeping slightly higher mid week only to sell off strongly on Friday with a 8.38% drop and closed at $35.98.
The short calls were profitable while some of these short puts setup need trade adjustment to buy some time and avoid assignment.
Overall at counter level, it's a losing week based on the latest price movement.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.65 2 | -- Closed |
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- MariaEvelina·2025-08-23It's tough managing those trades, but rolling can help mitigate the risk.LikeReport
- CINDYTAN·2025-08-23[Smile]LikeReport
