VXX Weekly Call Credit Spread for January 5; position closed for target.
The weekly VXX Call Credit Spread closing order filled this morning; details below:
- BOUGHT VXX January 5 29.5 Call, .15 Debit.
- SOLD VXX January 5 34.5 Call, .04 Credit.
Closing order executed as a single order: BUY " Vertical" .
Net Debit to Close Spread: $.11 (both four legs).
Net Credit to Enter Spread (Opened December 28): $.25.
Gain of +$14
This represented 3% of the margin/risk, and our target gain for the trade.
As always, stay keen on your risk management and trade carefully,