Notes: With VIX at lows, opening a small risk one to make one bullish assumption trade in VXX with a 14.50 break even.
I generally don't like to take bullish assumption shots in volatility products, particularly ones like VXX and UVXY that experience contango erosion over time, implying that you're rowing against the tide with any bullish assumption directional shot. Looking to get .75 out of this if the opportunity presents itself.
Trade closed manually
Got a pop early, but then faded late. With 5 DTE, closed today for a .40/contract debit, a 1.10 ($110)/contract loser.
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