NaughtyPines

OPENING: VIX JULY 21ST 10/13/13/16 IRON FLY

NaughtyPines Updated   
TVC:VIX   Volatility S&P 500 Index
... for a 1.96 credit

Metrics:

POP%: 31%
Max Profit: 1.96/contract
Max Loss: 1.04/contract
BE's at 11.04/14.96

Notes: I'll look to manage this at 25% max.
Trade closed manually:
Reducing my exposure to VIX; covering here for a 2.00 db, so basically a scratch. Hoping to avoid a repeat of last month (lowest VIX settlement in last four months).
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