OPENING: VXX FEB 16TH 28/31 LONG PUT VERTICAL
... for a 2.28/contract debit.
Frankly, was somewhat surprised that this appeared to have a 2.27 mid at open, since 28 is right at the money, and the market doesn't usually accommodate that kind of fill unless the short put is deeper ... .
I was going to wait for the February 9th's to open, but I have a "spot" within the nooks and crannies of my February 16th 27/29 2x2 long put vertical to squeeze this in here and if someone's going to fill me for 2.30 or less on a three-wide, well, who am I to question ... .
Frankly, was somewhat surprised that this appeared to have a 2.27 mid at open, since 28 is right at the money, and the market doesn't usually accommodate that kind of fill unless the short put is deeper ... .
I was going to wait for the February 9th's to open, but I have a "spot" within the nooks and crannies of my February 16th 27/29 2x2 long put vertical to squeeze this in here and if someone's going to fill me for 2.30 or less on a three-wide, well, who am I to question ... .
Comment:
Ooops. This is what happens when I just cut and paste from a previous trade -- the purple BE line is at the right spot, but has the wrong label -- it should say "BE 28.72."