Friday Last Update- VXX Roll

Saturday Call Registration 

Ok this is Really Last Update – VXX Roll
We are going to roll the VXXB call one more time today

VXXB Call Roll
Sell to close 2 March 29th 29.5 Calls
Buy to open 2 March 29th 31.5 Calls
Total for the trade a credit of 1.10


Everything is filled. We had a nice week. All positions have been updated to reflect where we are now. 

Enjoy March Madness – See you tomorrow 


Markets getting slammed this morning giving back yesterday’s gains. Our VXX order and the SPY Puts for March 25th has filled.

We will now roll the VXXB calls for next week. When the roll is complete we will own the calls for free and have a tiny profit with no risk.

VXXB Call Roll
Sell to close 2 March 29th 28.5 Calls
Buy to open 2 March 29th 29.5 Calls
Total for the trade a credit of .58


After yesterday’s explosion to the upside markets are mixed this morning. While I’m writing this update the markets have suddenly sold off, the Dow is now down 100, S+P down 6. With the markets thin and March Madness markets figure to be thin and whipping around today.

We have very little to do today. We have rolled almost everything except the VXXB and the Puts we want to sell in the SPY.

We would like to see this selling hold through the open and close the short put from the VXXB Put spread that expires today. We may sell another put spread for next week depending on the action this morning.

VXXB – Closing Put Order
Buy to close 2 March 22nd 28.5 Puts at .05

SPY – Rolling the Short Puts
Buy to close 2 March 22nd 276 Puts at .01
Sell to open 4 March 25th 276 Puts at .15 (They closed at .03)
This is not actually a roll, its 2 Separate orders to work. Many can sell the March 25th Put without covering the Short March 22nd Puts.


Open Positions

DIA
Long 4 April 18th 263 Calls
Long 4 April 18th 253 Puts
Short 4 March 29th 261 Calls
Short 4 March 29th 255 Puts

VXXB
Long 2 March 29th 29.5 Calls
Long 2 March 22nd 27 Puts

NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 March 29th 22 Calls
Short 4 March 29th 18 Puts

GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts
Short 4 March 29th 125 Calls
Short 4 March 29th 121 Puts

SPY-
Long 4 April 18th 287 Calls
Long 4 April 18th 273 Puts
Short 4 March 25th 284 Calls
Short 4 March 25th 276 Puts

QQQ –
Long 4 April 18th 180 Calls
Long 4 April 18th 168 Puts
Short 4 March 29th 178 Calls
Short 4 March 29th 170 Puts

IWM-
Long 4 April 18th 163 Calls
Long 4 April 18th 153 Puts
Short 4 March 29th 161 Calls
Short 4 March 29th 155 Puts