VXX (VIX SPY SPX) trending lower

Apr 29, 2020

Sell below 37.51
Buy above 39.06

Current targets - $34 - 30 range
Exaggerated move for the next week or two- $19

Price extension dips $3-$7 below current price action.
Price action within current trend lines.
Ichimoku just dipped negative.

Loss of 1 Standard Deviation (-32.4%)
Strike Level: $25.6
Probability for in-the-money: 32.9%

May 2, 2020

Note

Held overnight Calls into Friday open profit. Didnt sell all day, was waiting for 43 print but never happened. Still a good return but wasted my day waiting on a big nothing.
Next week VIX could get crazy. Going to not trade it and let the market rear its ugly head then take opposite direction once its hand is played.
Gltu!

May 5, 2020

Note

Jump on the open never held and equities went green eod.
It's nothing major but oscillation remains week on the 4hr and 1D.

Snagged some 5/15 puts, watching for a strong dip back to 37. Anything at/below 35 is a good sign to hold puts into next week.