AMEX:VXX   BARCLAYS BANK PLC/BARCLAYS US CCP IPATH SER B S&P 500 VIX SHORT TERM FUTUR
... for a 1.40/contract debit.

Metrics:

Probability of Profit: 61%
Max Profit: $60/contract
Max Loss: $140/contract
Break Even: 39.60

Notes: Putting on a smidge of short volatility here in VXX on this pop ... .
Trade active: Taking $75 out of this trade here by rolling the Aug 17th 41 down to the Aug 17th 40 for a .75/contract credit. The max profit one the remaining one-wide is 1.00, so I'll shoot to take that off at or near max (.95), resulting in a .30/contract profit on this trade (50% max). Reducing risk while (potentially) getting what I want out of the trade ... . :)
Trade closed manually: Covering here for a .90 db (.10 short of max), so small winner.

Comments

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