fri 4/1 SPY @ $206.92 bto apr/15 211 put sto apr/8 208 put $2.64 Db must be closed by short leg expiry apr 8 goal is to buy back at $3.00
summary 5 trades, 2 break evens, 1@ 50% loss, 1@ 14% gain, 1@24% gain have a better understanding of this trade now and that 50% loss could have been avoided
VXX thu/fri trade is based on observation that VIX is likely to make a low on thu and then move higher on fri. I have been trading this with good results. A variation I have found is to watch for an entry on wed, I did that trade this week and got out this morning. i have been doing a 3 lot with VXX and for last three weeks results are gains of $150, $198, and $375, this week i did the wed/thu variation.
the VXX thu/fri trade details from actual and some back tested trades trade size 3 lot about $4500 time in trade, exit same day or next day risk, estimated at 10% gain, about 5% win rate, about 70% trade entry use 2 min chart looking for a move lower trade exit use 2 min chart looking for a move higher
for the week ending 5/27 I did not do a vxx trade, didn't like the action, but I did mark a wed variation trade for reference with the 3 lot trade size it gained $78, enter wed am at 13.98, exit wed pm at 14.24. for the week ending 6/3 I did a thu pm entry and fri am exit, the 3 lot trade gained $150, in 13.11, out 13.61. VXX thu/fri trade is based on observation that VIX is likely to make a low on thu and then move higher on fri. I have been trading this with good results. A variation I have found is to watch for an entry on wed. i have been doing a 3 lot with VXX and for last five weeks results are gains of $150, $198, $375, $78 (trade marked, not taken), $150
svxy trade entry rules vix level below 20-25 svxy/vix ratio 2.5 to 4.5 svxy price under 50 (exit before/at 60) 7/14 closed svxy at 57.75, entry 6/30 at 45.43 net $1232, 27%, in trade for 2 weeks merrill lynch research team says" you want to own volatility in an election year and vix spikes above 24 on average in the month ahead of (october) presidential elections