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Crazy ayzo

VXX open position

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I was half way through reading all the VXX material on the site last week when the market went crazy.  

I bought 30 OTM put contracts last week when Volatility spiked.  It's only been a few days and I'm up nearly 100%... killer return for a few days.

My thesis when I was making the purchase was that the common wisdom expects the markets to stabilize after the midterm elections.  Following the template of your earnings call trades, I picked the expiration for two weeks plus a few days beyond the event.

If I'm right, and VXX returns to the high 20's... I make a fortune.  This trade seemed too easy.  I've read and re-read all the training this weekend.  Is there something about VXX options that I'm not grasping that's radically different than stock options?


Screen Shot 2018-11-04 at 10.18.06 AM.png

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