Getting long volatility with VXX

2017년 5월 10일

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

2017년 5월 17일

거래청산: 타겟 닿음

A nice 17% rally got us there.