OPENING: VXX MARCH 2ND 26/29 LONG PUT VERTICAL

134
... for a 2.18/contract debit.

Metrics:

Max Profit: $82/contract
Max Loss: $218/contract
Break Even: 26.82

Notes: Adding some on this little VIX bump we have today. I don't think there's a new weekly opening up this week (monthly expiry), so adding a smidge here in the expiry nearest 45 DTE. As always, staying small, keeping powder dry to add on pops ... .
Trade closed manually
Exiting all short vol trades for whatever I can get ... . Brutal. Fortunately, and as always, this group of trades was small relative to my account size, so while no one likes to lose, it's take the loss, move on ... .

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