VXX longs

#VXXGame . Bought to open $UVXY March 20th 25 calls for .32, and $VXX March 20th 25 calls for .24.

These are longs I can later sell against, assuming a volatility spike will be coming before too long.

VIX hedges

#VXXGame Bought to open $VIX March 17th 17/20 call spreads for .52.
Also, added to Feb 18th 19/22 for .28. First bought on Nov 18th for .60.

How low can you go?

#VXXgame Now that the Great Iran Volatility Event of 2020 has ended (or at least paused), we hit new all-time lows on $VXX and $UVXY today.

Final VXX closed

#VXXgame Sold to close $VXX Jan 17th 20 puts for 4.00. Bought between Jan 22 and Aug 27 for avg price of 1.30. Sold four batches so far at 2.65, 3.00, 3.25, 3.50, and 4.00.

My research over the history of VXX and UVXY show that this trade usually works. Of course, the first year I had a robust position (last year), it failed as the market went straight down from September until Dec 24th. But glad it worked out this time.

On next pullback I will start buying VXX and UVXY 20 puts to sell next fall. A reverse split will really help this work better, but not sure if we’ll get low enough before a pullback comes.

Adding more VIX

#VXXGame Bought to open $VIX Feb 18th 19/22 call spreads for .60. Added to the Jan 21st 17/20 already holding.

Is this a good time…

Is this a good time to start buying VXX calls? 🙂

#vxxgame

More VXX closed

#VXXgame Sold to close $VXX Jan 17th 20 puts for 3.50. Bought between Jan 22 and Aug 27 for avg price of 1.30. Sold four batches so far at 2.65, 3.00, 3.25, and 3.50.

Still holding a final batch. Going for 4.00.