47000 VXX Feb17 22/21/20 put trees went up in 3 blocks on the ARCA marked spread
Shares of iPath S&P 500 VIX Short Term Future ETN (VXX) are down .84 to 22.86 today.? VXX is at the bottom of the 52 week range.
- Paper traded 47000 VXX Feb17 22/21/20 put trees for .09.?
- The ADV is 250k contracts.?
- The OI is 4190/5873/2276 contracts respectively.
The volume went up in 3 blocks on the ARCA marked spread.? This trade is called a ?tree? where the trader buys 1 put (22) and sells 2 puts (21 and 20) out of the money trying to take in a credit or near even.? $20 is a good landing spot and in a rally the trader can close some short puts.? Trade is bearish as posted.
- IV 30 is trading for 56%.?
- HV10 is trading for 50%.?
- IV 30 is above the HV 10.
The iPath S&P 500 VIX Short Term Future ETN (VXX) tracks the two near term VIX futures maintaining a 30 day duration mix of futures.