Bought to close all of my VXX Dec 04 2020 16.00 Diagonal puts @ 0.01. They won’t trade any lower.
On 11/27 I sold these while buying VXX Jun 21 2021 6.0 Puts @ 0.03 Credit. So now I’m left with more “free” long puts with 198 days until expiration.
Normal Contango drift down in VXX should take care of the long position.
Or consider it a lottery ticket.
Will repeat this kind of trade for next week too.