I'm going to add to this position, at the discount these are trading at I can't pass it up and I already have a full house with UVXY long equity in the trading portfolio.
In the interest of full disclosure, what I'm doing is absolutely against everything I believe, this is averaging down a position and I do not believe in averaging down or dollar cost averaging, but I believe in this position more so I don't want to be a hypocrite, I'm taking responsibility and knowingly breaking a rule that I believe in, as I said, I just believe in this position more.
If I were to enter a new VXX options position I would go out to March as I like to have about 6 weeks until expiration.
5 years ago
No comments:
Post a Comment