4/9: VXX – With SPY gap up and VXX gap down to $49 area, under 30-Min. low of VXX, consider shorting Apr (4/13) $55/65 bear call credit spread (5 DTE) for mid-point but limit of $.50/share (closed at $.56/share). Income trade with high IVR (SPY 95% Implied Volatility Rank with vicious moves in market from trade war threats, etc.). No stop for now, will roll if necessary because of Contango drag.
VXX daily chart:
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Trading the Pristine Method — Origin and End
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Chief Options Strategist
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