I rolled my 32 strike VXX LEAP down to 23 strike.

music selection:  “Become The Storm” — Dee Snider

I bought 10 VXX 32 strike puts with the 21JAN2022 expiry on 3JUN2020 for 14.65 a share.  Today, my price target of 15.75 was reached.  I sold my puts for 15.75 share and booked $1,100 in profit.  That is an 8% return over 64 days or 43% annualized.

I rolled down to capture additional downside to the 23 strike.  I have 16 contracts at 9.15 a share pricing.  I’ll target rolling again when the underlying gets to the 23 strike.

Devour your prey raptors!

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Roll VXX for 43% return

Never miss another opportunity to devour prey!

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