VIXY Bearish inclined Naked Calls 22 July Expiry

• Whats The Plan/Trade/Thought
  Selling Calls on the VIXY goes against my market stance. But it has a good distance of 34.35% away from strike. Price action is ranging with the past volatility VIXY’s peak has still been below 24.65.
  
  Risk Mitigation
  
• There is a S&R lines at 24
  
• There will be volatility and as such I have only purchased a small amount with a BP of 36k and I will be able to hold it even if it goes up by 3x
  
  I Feel
  
• No feelings
  
  Imagine Yourself Taking The Other Side
  
• The entire daily chart is ranging so in my opinion this is about being able to sustain the volatility
  
  Look For New Information
  
• Nothing here
  
  Trade Specs
  
• Sold 110 Calls @ 0.20
  
• Strike 25
  
• 34.35% to Strike
  
• BP Used: 36K
  
• Max Gain: 5.5k
  

Trade closed: target reached:

Yay!