New Trade Entry: VXX Weekly Call Spread for February 9; order filled.
Order executed for this new position:
SOLD VXX February 9 32 Call, .40 credit.
BOUGHT VXX February 9 37 Call, .13 debit.
Order was filled as a "Vertical" for $.27 net credit (all four legs).
Margin/Risk is calculated by the width of the wings ($500), less credit received.
Margin/Risk for this week's trade: $473.
- Target Gain: 3% of margin
- Max Loss: 6% of margin
Below is the risk graph of this week's position as shown on my broker's platform:
VXX February 9 Call Credit Spread:
Below is the VXX chart showing the short strike:
VXX 6 month chart
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,