39C Aug 20 for 4.40 debit
Trade active
Today we did good to avoid the vol crushas and basically got to roll out calls to Aug like we wanted.Still bearish on overall markets, rally today can be seen as a shake out (before the flush)
VIX expiration tomorrow, in conjunction with 2M volume on VIX calls. I want to have exposure for this.
If all else fails, FOMC will elevate vol before and offer exit.
Also want to have exposure for next week tech earnings sell off/MRNA SP inclusion/Robinhood IPO, possibly market rallies earlier in the week and we'll need to dodge some VIX crushas early in the week
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Basically the game is to have late Sept exposure without suffering too much decay, Dec calls would be good for time frame but too much decay possibleTrade active
Out of the calls 3.05 debit (31% loss) Need to know when to fold em, better entries available
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.