So the long puts I buy as part of the diagonal put spreads I have been setting up for months have been written against multiple times, but this week looks like a big winner for this strategy:
Just some examples:
Long 2 Jan 15 2021 12.00 Puts @ 58.29 while being short 2 Aug 28 2020 23.00 Puts @ 58.62
Long 2 Jan 15 2021 13.00 Puts @ 106.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43
Long 1 Jan 15 2021 14.00 Put @ 55.69 while being short 1 Aug 28 2020 24.00 Put @ 61.71
Long 2 Jan 15 2021 15.00 Puts @ 141.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43
Long 2 Jan 15 2021 16.00 Puts @ 163.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43

As you can see, this week’s short puts pretty much cover the costs of the long positions yet again. #DoubleDip
The real beauty is that the short positions are gone tomorrow, but the longs are still there until January.
Contango losses in VXX have recently been about a point per week, except for the occasional spikes like we are seeing in the last two days.
It’s entirely possible that eventually, the long position go in the money before expiration.