OPENING: UVXY JAN 19TH 14/17 & 15/18 LONG PUT VERTICALS
I had to scramble mightily to get these on at the 11 CST pop/VXST/VIX ratio of >1.15, first opening the 14/17 for a 2.25 debit and then the 15/18 for a 2.20 debit ... .
The break even for the former is 14.75 with a max profit potential of $75/contract and a 15.80 break even for the latter with a max profit potential of $80/contract.
The break even for the former is 14.75 with a max profit potential of $75/contract and a 15.80 break even for the latter with a max profit potential of $80/contract.
Trade closed: target reached
Covering the 14/17 for a 2.64 credit ($39 profit/contract) (52% max) and the 15/18 for a 2.70 credit ($50 profit/contract) (63% max). Still have VXX spreads on in the Jan 19th expiry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.