OPENING: UVXY JAN 19TH 14/17 & 15/18 LONG PUT VERTICALS

I had to scramble mightily to get these on at the 11 CST pop/VXST/VIX ratio of >1.15, first opening the 14/17 for a 2.25 debit and then the 15/18 for a 2.20 debit ... .

The break even for the former is 14.75 with a max profit potential of $75/contract and a 15.80 break even for the latter with a max profit potential of $80/contract.

Trade closed: target reached:

Covering the 14/17 for a 2.64 credit ($39 profit/contract) (52% max) and the 15/18 for a 2.70 credit ($50 profit/contract) (63% max). Still have VXX spreads on in the Jan 19th expiry.