Hello Investors,
As per our game plan we are taking off our three (3) trades from yesterday this morning. We will likely see a little uptick in volatility into the yearly close. However, markets did not gap and doesn’t appear to be moving with any real significance. We are taking a loss on VIX and a profit on SPY and QQQ.
We did each of the following:
Buy to cover 50 shares of QQQ at 312.80
Sold to close: VIX Jan 20th, 2020 18.00 strike calls (some brokers might label the expiration as Jan 19th)
Credit: 5.90
Sold to close: SPY Jan 15th (monthly) 375.00 strike puts
Credit: 6.95
Have a great new year!