I originally planned for XRT to take up 45% of my BP but some how my week earlier VXX trade's required BP suddenly increased and so for July XRT is back to around 30% BP
So far it seems like the inflation worries have been quietened at least for the time being. I do feel it is a matter of time. This is why I need to reduce my exposure to VXX as it is very vulnerable to the tech sector which is very volatile.
XRT is retail and seems somewhat conservative at this point, but I need to find one which is more inclined towards consumer staples.
Sold 45 Puts @ 0.85 Strike 85 BP Block: 48K Max Gain: Est $3825 % Distance to Strike: 9%