VXX update

#ModifiedVXXGame – Last week sold some 11/13 VXX call spreads for a buck. Sold them in a size where after the split they’ll be one tenth of a full position. Didn’t quite make it back to profitability so closed the long 13 calls on Friday and accepted the short assignment at a basis of 12.30

Then:

Sold VXX AUG 25 2017 12.0 Puts @ .13

I’ll be shorting the stock or selling aggressive call spreads to establish a short position after the split. Working towards a long term short position with protective calls to match up with a similar trade on UVXY.