ROLLING: VXX MARCH 20TH 12/14 TO APRIL 17TH 12/15 SCV

2 thg 2, 2020

... for a .30/contract credit.

Notes: A late post ... . Rolling out in this strength and widening the spread to force a credit. I'm fine with extending duration, so long as I can get something around one-third the width of any widening in credit. Here, it's .30 to widen an additional strike, so it's not quite one-third, but it'll do. The notion here is that it will eventually decay past 12, with the natural question being when ... .

I also added some units (same strikes, same expiry) for 1.66/contract (55% of the width of the spread). You can naturally sell spreads higher up the ladder (e.g., the 16/18), but I'm opting to keep things simple rather than having a bunch of different spreads on at different levels, which can pose trade management problems if you want to extend duration.

Will look to peel off units at VIX lows.

3 thg 3, 2020

Giao dịch đang hoạt động

Rolling the April 17th 12/15 to the May 12/16 for a .60/contract credit. In all likelihood, will have to continue doing this over a number of cycles before we see VXX at 12.

31 thg 3, 2020

Giao dịch đang hoạt động

I may be throwing good money after bad here, since I'm rolling a setup that is amenable to max loss to a setup that's amenable to max loss: rolling the May 12/16 to the June 12/17, and forcing a .85 credit by widening.