4/12; VXX – Under 30-Min. low, consider shorting May (5/4) $60/70 bear call credit spread (22 DTE) for a limit of $.56/share (closed at $.62/share). Anticipated Breakdown from bearish consolidation at Resistance (and moves opposite SPY, which is bottoming and threatening breakout). Income trade with high IVR (92% Implied Volatility Rank with vicious moves in market from trade war threats, etc.). Stop Loss: None, will roll if necessary because of Contango (headwind drag from rolling of VIX Futures).
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