Max Profit: $55
Max Loss: $45
Break Even: 22.55
Notes: Here, a bet that beta slippage and contango eat away at this VIX derivative over time ... .
Sept opex check. Yowsa. They crushed the crap out of vol off those highs. 20-20 hindsight: I probably should've manned up and gone wider. Currently valued at .63, just going to leave it alone to grind into near max if that its "grand plan."