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iPath S&P 500 VIX ST Futures ETN Message Board

  • goodoptday goodoptday Jun 21, 2013 12:50 PM Flag

    Option Expiration

    Busy day. Not many calls to expire worthless as of now, more calls to roll or get assigned. Hopefully calls that I sold on strength today expire worthless.

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    • It was good day today for me. Market is little bit up but my shorts are mostly down except V, and VXX going down gave nice profit in a while. Closed the remaining MELI short and FAS long put spread expires today. Didn't get max profit with FAS as I wanted to play safer with protection. After closing several market shorts, VXX short is controlling my account balance.

      Among the VXX calls expiring today, 20 expired worthless, 56 rolled to next week and 6 assigned. Most of rolled calls were having some profit but I am betting VXX down next week after people having time to digest the news and impact over the weekend. Trying very hard to increase short cost basis for VIX shorts with short term trading.

      VIX down from 21 to 19 today but it's still 19 and I feel there's some more room to downside if market stablizes or doesn't go down much next week. Maybe I'll stop rolling calls if VIX goes down to 15 area.

    • Calls $22.5 and $22 stikes down. Hopefully 2 more strikes to go, or just one more, would be great if that happens.

      My market shorts are suffering but VXX short is doing much much better. Time to start rolling to collect small handouts from VXX.

10.56-0.19(-1.77%)Jul 28 4:00 PMEDT