VXX: collect $120 (1.75%) premium on these short puts with strike at $34.
Contract expires in 2.5 weeks on 12th Sept.
VXX had dropped 25% since high on 1st Aug and it's in a sharp volatile drop in a very long while.
Opportunity to pick up additional shares at lower cost and also average down my existing holdings if assigned.
In the past 2 months, the trade on this asset is not profitable so please be aware when you read this post.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.60 2Lot(s) | -- Closed |
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- fluffzo·2025-08-28Fantastic strategy! Love the insight! [WOW]LikeReport