VIXY Bearish inclined Naked Calls 16 Sep Expiry

Whats The Plan/Trade/Thought

• This position is a hedge as it is Market wide bullish inclined
  
• However I gave it a good 39.7% distance from the strike to account for market volatility that I expect to happen especially with the Sep rate hikes
  
  Risk Mitigation
  
• The 39.7% distance from strike should cushion market volatility but also there are 2 near S&R lines at 14.28 and 15.31
  
  Imagine Yourself Taking The Other Side
  
• The position feels like it is somewhat feeding into the bullish momentum we have been seeing in the past 2-3 weeks. But I do expect this to change
  
  Look For New Information
  
• Now that earns session is close to over, I am expecting the next few week to be somewhat mellow. At least until we hit the first weeks of Sep where traders start anticipating the rate hikes
  
  How Do I Feel Now
  
• I think this trade is cushioned enough with a good price balance
  
  Trade Specs
  
• Sold 240 Calls @ 0.22
  
• Strike 19
  
• 39.7% to Strike
  
• BP Used: 60,480
  
• Max Gain: 5198
  

Transakcja zamknięta: osiągnięto wyznaczony cel:

Yay!