Getting long volatility with VXX

10 במאי 2017

At some point volatility has to come up.... So I bought the 14/15 Call debit spread and financed it with the 13 Put

The trade:
VXX superbull

Buy the 14 Call
Sell the 15 Call
Sell the 13 Put

64% probability of profit
Break even at 12.95

17 במאי 2017

עסקה סגורה: היעד הושג

A nice 17% rally got us there.