$VXX 20250815 40.0 PUT$ VXX: collect $50 (0.6%) premiums from these short pits with strike at $40.
Contract expires next Fri on 15th Aug.
Volatility is coming back down after initial spike last Friday 1st Aug on weak non farm payroll data.
Decided to initiate new trades with lower strike and if assigned will be able to lower my holding average of VXX shares that I already owned.
Won't know when the next volatility event will happen, but VXX for me is a bear hedge so it will continue to decay and lose some money over time unless market is sharply down.
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