Option Iceman 8:18 am on Thursday, June 4, 2020

VXX early put roll down

Just to be safe after VXX blew through this week’s strike:
Bought to close VXX 06/05/2020 31.50 Puts / Sold VXX 06/12/2020 30.50 Puts @ 0.10 Credit plus a 1.0 point lower strike

fuzzballl 8:32 am on Thursday, June 4, 2020

Pretty impressive collapse. I’ll be getting some UVXY stock at about 31. Already sold aggressive calls against it for next week.
- Option Iceman 8:48 am on Thursday, June 4, 2020
  
  I would think you could roll those down and out a week
  - fuzzballl 9:08 am on Thursday, June 4, 2020
    
    I could but since it’s in a non taxable account the buying power hit is the same. Went with a ditm call sale against instead. Had to sell big wide spreads since the naked calls aren’t allowed. Won’t get the stock until the weekend.