VXX Diagonal

Selling a small diagonal with the short side next week instead of this week..
Bought to open VXX Jan 15 2021 16 Puts / Sold to Open VXX Oct 16 2020 23.5 Puts @ 0.07 Net Credit.
I expect the short to expire leaving me with a few more “no cost” longs for next January.

I’m thinking the VIX pulls back dramatically by Thanksgiving based on the skew in the VIX futures.

VIX 10-5-20