Roll this VXX forward by another 2 weeks. On Fri the VXX goes up the roof so this covered call risked being called away at $50 which will still be profitable.
However, I chose to sell the underlying stock at $55.50 for additional profit as I believe the issue will blow away and blow away it does. Market close with VXX fell back to sub $50.
The rolling forward is at same strike $50 and still collect decent credit while waiting for it to expire.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -2.55 1 | -- Closed |
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.
Thank you for the insight into your trading activities. Your commitment to value investing and strategic swing trading is inspiring.
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links: