Thursday, October 14, 2010

VXX

I have sold the January 2012 $30 VXX call against my VXX position. If VXX gets to $30 i will happily get called out.

2 comments:

  1. What happens if you wish to sell your VXX position if it recovers to 25 in a few months, but then have to cover the options at a much higher price? Or if you choose to keep both positions until 2012 and the VXX slowly erodes to nothing via a reverse split?

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  2. your right. Gonna clear the calls and look to exit vxx on any equities pull back.

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