OPENING: VIX NOV 15TH 10/12 SHORT PUT VERTICAL
... for a .73 credit.
Metrics:
Probability of Profit: 29%
Max Profit: $73/contract
Max Loss: $127/contract
Break Even: 11.27
Notes: VIX at sub-10 is about the only time I'll do a bullish assumption trade in VIX. Here, I'll look to money/take/run on any pop, although 50% max would be nice ... .
Metrics:
Probability of Profit: 29%
Max Profit: $73/contract
Max Loss: $127/contract
Break Even: 11.27
Notes: VIX at sub-10 is about the only time I'll do a bullish assumption trade in VIX. Here, I'll look to money/take/run on any pop, although 50% max would be nice ... .
Trade active:
Rolling to Dec 20th 10/13 short put vert for a .62 credit. Scratch at 1.35.
Trade active:
Adding a Dec 20th 16/19 short call vert for a .25 credit buying power free (same width spread/same expiry). Scratch at 1.60.
Trade closed manually:
Been somewhat lax on updating my trades ... . Exited this last week for 1.80 as a .20/contract loser. A reminder as to why I hate long volatility; it can remain lower for longer than you'd like ... .