As detailed below, the potential return is +4.0% absolute return in 17 days (equivalent to a +85.7% annualized return-on-investment).
Note: the Implied Volatility (IV) of the options at the time they were sold was 48.5, so these options exceeded the Covered Calls Advisor's minimum threshold of IV>20 by a very wide margin.
iPath S&P 500 VIX Short-Term Futures ETN (VXX) -- New 100% Cash-Secured Puts Position
03/08/2017 Sold 10 VXX March 24, 2017 $17.00 100% cash-secured Put options @ $.69
Note: the price of VXX was $17.02 when these Puts were sold
A possible overall performance result (including commissions) for this iPath S&P 500 VIX Short-Term Futures ETN position is as follows:
Stock Cost Basis: $17,000.00
= $17.00*1,000 shares
(a) Options Income: +$678.55
= ($.69*1,000 shares) - $11.45 commissions
(b) Dividend Income: +$0.00