#LongPutDiagonals – Going out 2 weeks on this one. I’ve got a stop set on this week’s that would lock in 90 percent of max profit. Wanted to get the next one on the books in case they start sucking weekend premium out of these this afternoon.
Sold VXX SEP 15 2017 45.0 Puts @ 1.15
In the split history of VXX the quickest it has ever split was a year (2 out of 4 times) so figuring a drop from 50 to 10 I’m planning on about .75 to 1.00 per week max drop.