Buying VXX $60 Calls expiring 8/21 for $0.42
0.5% position
I think I mentioned starting this position last week, but have added to it pretty significantly today with VXX down 5% so far today.
When markets sell off, VXX spikes. Hard. And if I'm right about the selloff being pretty robust, VXX should jump markedly.
I don't expect these to get "in-the-money", but they're cheap and could double if I'm right. Especially if the selling starts this week.
0.5% position
I think I mentioned starting this position last week, but have added to it pretty significantly today with VXX down 5% so far today.
When markets sell off, VXX spikes. Hard. And if I'm right about the selloff being pretty robust, VXX should jump markedly.
I don't expect these to get "in-the-money", but they're cheap and could double if I'm right. Especially if the selling starts this week.
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