Update On VXX Trade
Update On VXX Trade (VXX) Hello Smart Option Sellers! Thanks to one of our members, I wanted to send this quick update to clarify the options lingo on the spread trade. Since we are selling the call option spread, it is done for a credit price, not a debit price. You will enter the trade as a sell-to-open (of course), with the spread being a credit, not a debit. Here's the updated instructions: Sell (sell-to-open) the VXX June 2018 $45/$46 bear call option credit spread for a limit sell price of $.30 credit per spread or higher, GTC, as an opening transaction (sell-to-open). That's all for now. Let us know how you do. Continue to contact me here Regards,
Lee Let's Grab That Cash!