NaughtyPines

TRADE IDEA: VXX FEB 9TH 27/30 LONG PUT VERTICAL

Short
NaughtyPines Aggiornato   
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
Another mechanical short volatility trade put on in the weeklies in VXX (while I wait for UVXY to do "the splits").

The February 9th weekly should open tomorrow and with VXX trading slightly below the 28 handle, I'm going to look at filling some 28/31's in that expiry for a 2.25/contract debit. Given the fact that the February 16th 28/31's are trading around that mark, I think my chances for a fill at 2.25 are decent ... .

If I can't get filled for less than 2.30 for that setup, I may cave in and go with the 27.50/30.5's ... .
Commento:
No fill on the 28/31's for 2.25. Will re-attempt a fill tomorrow with 27/30's at 2.25.
Commento:
Filled today for 2.24/contract.
Trade attivo:
Covering the short leg for a .20 db with 10 DTE. Scratch for the long is 2.44.
Trade attivo:
Re-upping the short leg at the 28 strike for a .50/contract credit; scratch at 1.94/contract.
Trade attivo:
Covered the short leg for an .08 debit. Scratch is at 2.02/contract, but would take a virtual miracle to get to 28 in the next four days ... .
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