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Strategies & Market Trends : Option Strategies
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To: Bridge Player who wrote (1701)7/25/2016 7:48:24 AM
From: Bridge Player  Read Replies (1) of 2591
 
VXX trading at 11.07 this morning. Cost basis 11.35.

Decision time, risk/reward type. Write 7/29 12s? (at about .15)

Write 7/29 11.5s? (at about .24)

Wait for better premiums?

My choice: Write the 11.5s looking for at least .24, plus add more risk on downside by writing 7/29 11 puts for another .27 or better. Should be able to collect at least .50 in premium.
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