Strategy, Approach and Statistics

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Monday, April 2, 2012

Added first position on Hedged Balanced Portfolio

VXX Calendar Spread at $ 1.77  
(Sell APR 05 '12 17 Call 
Buy JUN 15 '12 17 Call) 

Comments: VXX will stay low in the near-term and a bounce back in the summer is a possibility. I will let the short leg expire on Apr 05 or rollover to generate additional rental income. 

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Posted by at 9:59 AM

3 comments:

  1. MingomanApril 2, 2012 at 12:32 PM

    Question? If the short side of the VXX trade is in the money by Friday what do you do with it? Or is sitting at a loss. Do you close it out and roll over to the next week? Thanks.

    ReplyDelete
  2. MyWealthyOptionsApril 2, 2012 at 12:36 PM

    I may close the entire position if profit is about 25%. if short side is at a loss, it will be rolled over though strike price will vary depending upon market conditions.

    ReplyDelete
  3. MingomanApril 2, 2012 at 1:06 PM

    Thanks!

    ReplyDelete

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