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JLJ002500
6 Th02 2018 18:47

VXX - Risky bear credit call spread 

iPath Series B S&P 500 VIX Short-Term Futures ETNArca

Mô tả

Opened bear credit call spread to hopefully take advantage of the high IV% and time premium. As long as market vol remains fairly stable for the rest of the week, I'll be in good shape. The very high time premium on short dated options means I am only at risk for a short period of time. It is atypical to be able to capture this amount of premium for options about to expire. The down side of trading short dated options is it is very hard to make adjustments if the trade goes against you.

VXX 16.77% $50.23
D: .2382
G: .0528
T: -.2314
IV%: 253% (vs. 112.52%)

W:

Giao dịch được đóng thủ công

Took profits and closed position early. Didn't want to risk waiting till expiration.

Nice gain.
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