VXX Weekly Call Credit Spread for January 26; position closed for target.
The weekly VXX Call Credit Spread closing order filled this morning; details below:
- BOUGHT VXX January 26 29.5 Call, .18 Debit.
- SOLD VXX January 26 34.5 Call, .03 Credit.
Closing order executed as a single order: BUY " Vertical" .
Net Debit to Close Spread: $.15 (both four legs).
Net Credit to Enter Spread (Opened January 18): $.29.
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,