OPENING: VXX AUG 17TH 38/40 LONG PUT VERTICAL

... for a 1.34/contract debit.
Metrics:
Probability of Profit: 56%
Max Loss: $134/contract
Max Profit: $66/contract
Break Even: 38.66
Notes: Adding a smidge of short vol product here ... .
Metrics:
Probability of Profit: 56%
Max Loss: $134/contract
Max Profit: $66/contract
Break Even: 38.66
Notes: Adding a smidge of short vol product here ... .
Trade closed manually
Covering here for .20 short of max at 1.80 (.46/contract winner).Disclaimer
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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.