I opened
$VXX 20250214 50.0 CALL$ ,
VXX: collect 2.3% premium on this covered call with strike at $50.
Contract will expire in 2 weeks on 7th Feb.
VXX had totally collapse these 2 weeks and trades below $42. Setting the strike at $50 gives almost 20% buffer to the upside while still collecting decent premium in about 2 weeks time.
Won't know when the next volatility spike and reason will come from.
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