1037 am et
VN live is posted
VIX is 12.99 with the Aug futures 14.50 . All eyes on the FOMC and the realistic range this week is 11.5 VIX or 16+. Both areas will cause us to close winning sides.
I only update the Trade pages when a stop or close is tripped. The Position Grid is updated through the Jul 26
Trade 168- We rolled down, the SPY puts, collected $300 with VXX near even. At this point we just watch and wait until the 80% area. I we see 1.80 on the VXX puts, I will close half of them. Close to closing 2 of 5.
Trade 167- We closed 2 VIX Aug21 16 puts at 2.35 last night. I am offer the last 3 at 2.50.
Trade 165- Closed for a small win. We had poor closes on the gains and at this point I just took even an got out.
Short Term Trades (1 to 10 days)
The VXX Aug 02 23 call over 22.5 puts still is interesting. I did reduce the ratio and would do 5 calls to 3 puts now. Ride until Aug02 and offer out the 23 calls at 1.00 or better GTC.
What I am looking at (2- 4 week hold times)
5 VXX Aug30 puts 22.5 puts for 2.00
5 SPY Aug30 288/298 for 1.53 As I assumed, we lost nothing WAITING since everything is stUck on the FOMC. In general, if a pair keeps getting cheaper in contango, I will wait. I most likely will allocate half today and half tomorrow. I will about that around 2pm Et. At 293 the SPY put spread pays $300 so that is a point of reference on HOW MUCH to spend on VXX puts. Since we are a week out I added duration.