CSX : neutral short

Updated
Bought a calendar today in CSX for a 1.60 debit. The 0.3 I.V.R. (implied volatility rank) was what made me want to try this as well as an overall feeling that the transports and industrial sectors of the market are looking somewhat weak. I rarely do a calendar (2nd one ever) as they always seem to lose but will try to mix up my approach so as not to be just bearish or bullish. I am hoping by optimizing the greeks just by placing this trade at such a low volatility will help me even if the trade goes against me, but the VIX has seen lower in the not so distant past so it is not a given.
Comment
Calendars are just not my deal...... I rolled and got some decent downside sell pressure but I closed for a loss of about .50 as I tried to salvage this trade and close into strength, but this stock seems to feel no fear? Maybe shipping oil has put a floor under the rails??? I have no idea but the trade was built for negative delta and did not work out when panic arrived.
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