NaughtyPines

OPENING: VXX MARCH 16TH 26/29 LONG PUT VERTICAL

Short
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
... for a 2.20/contract debit at the close on this little bump up in price here.

Max Profit: $80/contract
Max Loss: $220/contract
Break Even: 26.80

Notes: Going out a little farther than I'd like, but it's a bit crowded in February with the setups I currently have on.
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