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home / news releases / VXX - 6 Reasons I Bought S&P 500 Puts


VXX - 6 Reasons I Bought S&P 500 Puts

I published 15% Downside For The S&P 500 on May 4, 2020, with the S&P 500 (SPY) trading at 2,831. On Friday, May 15, 2020, the S&P 500 closed at 2,864. Late in the day on May 15, I bought puts on SPDR S&P 500 Trust ETF with a strike price of $240 expiring on June 30, 2020.

Here is my thesis:

1. Good News Priced In

The market already priced in a lot of good news since March 23, 2020, low. There was good news on 3 fronts: medical news, $2 trillion fiscal stimulus,

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Stock Information

Company Name: Barclays Bank PLC ZC SP ETN REDEEM 23/01/2048 USD 27.193879 - Ser A ShortTerm Futu
Stock Symbol: VXX
Market: NYSE

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