Getting long volatility with VXX
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
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
Trade closed: target reached:
A nice 17% rally got us there.
