Volatility S&P 500 Index
Short
Updated

OPENING: VIX JAN 22ND 16/18 SHORT CALL VERTICAL

136
... for a .76/contract credit.

Notes: A starter "infinite roll" position in VIX in one of the smaller accounts. (See Post Below). Collecting > 1/3rd the width in credit. Will manage toward expiry, either rolling "as is" for a credit or, if necessary, widen the spread for a credit. Generally long-term bet that VIX is below 16 a majority of the time. Using VIX due to no assignment risk. On credit collection approaching width of the spread, will add units over time.
Trade closed manually
Tried to roll this out "as is" to February at 50% max, but couldn't get filled, so am closing it and then reopening a new one in the February cycle. Closed for .39/contract; .37 ($37)/contract profit.

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