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Strategies & Market Trends : Option Strategies
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To: skinowski who wrote (1695)7/14/2016 11:12:29 AM
From: Bridge Player  Read Replies (3) of 2591
 
With VXX at all time lows, trading on Thurs 11:05 EDT at 11.64 as I write, the July 22 12 calls trade at .29 offered.

On a buy/write, the return if called is a little over 5% in 8 days.

If not called, the weekly options combined with 1/2 point strikes offer considerable flexibility for future writes. Good premiums here at all strikes pretty consistently.

VXX is down from over 17 during the Brexit panic. After the huge S&P rally, it's likely to spike just a tad or more on any correction.

Pretty cheap hedge for expectations of a near term correction with nice profit potential.
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