Shared by
iSELLfireinHELL
VXX vs SPY play. VXX crossed above the 10 day moving average. When it crossed back below it was a bull signal. Opened up a one strike OTM debit spread. Will let it run until expiration to try and collect max profit.
Closed this one a day before expiration because the SPY corrected after being on a nice run. I closed for a 25% profit. I could have closed the day before for a 60% profit but it is what it is.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-07-22 10:27:31 | 20 AUG 21 436 CALL | buy | $5.570 | long |
| 2021-07-22 10:27:31 | 20 AUG 21 437 CALL | sell | $4.970 | short |
| 2021-08-19 11:44:51 | 20 AUG 21 436 CALL | sell | $4.850 | 0 |
| 2021-08-19 11:44:51 | 20 AUG 21 437 CALL | buy | $4.050 | 0 |
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