I am selling the February VXX $27 calls for $2.75.

This represents a 36% gain in a little over a week.

It's a good trade, but let's not get greedy, these options move a lot and have a structural disadvantage.

I'm essentially playing with house money on the February VXX $32 calls after buying back in puts last week and selling the $27 calls as noted

To read more, a subscription is needed: Click here to subscribe