$VXX 20250509 61.0 PUT$ VXX: collect 2.1% premium on this cash secured put with strike at $61.
Contract expires in 3 weeks on 9th May.
The VXX had cooled down a fair bit and trades below $70 these past few days.
While it's still elevated compared to historical levels, it's still much lower compared to 2 weeks ago.
Opportunity to set strike at $60 which is below my short positions to cover back should the volatility continue to cool down. Otherwise I'll hold a bit longer and keep collected premiums.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments