VXX: collect 6.4% premium on this covered call with strike at $50 and it's about 7% higher than current market close.
Contract will expire in 4 weeks on 7th Feb.
Higher premium as delta for this is higher and $50 is my current go to selling prices as it covers my holding cost.
Looking for perhaps heightened volatility in the coming weeks as the US presidential transition draws near.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 3.20 | -- 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.
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:
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: