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iPath S&P 500 VIX ST Futures ETN Message Board

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  • do.john67 do.john67 Apr 17, 2012 12:39 PM Flag

    VXX Calls

    You messed me up. I have ITM puts, but sold some ATM puts to lock in gains on 1/3rd of my position. I thought that by Friday, VXX would be above $18, and the VXX 18 puts that I sold would be OTM. Now, with your purchase, I doubt if VXX will close above 18 by friday!
    Well, I will be pulling for you, but I think we both made bad decisions the way the market is moving today.
    I still make money as VXX goes down though, because I have 3 times as many long ITM puts as I have sold ATM puts.

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