OPENING: VXX FEB 2ND 27.5/30.5 LONG PUT VERTICAL
... for a 2.25/contract debit.
Metrics:
Max Profit: $75/contract
Max Loss: $225/contract
ROC%: 33.3% (at max profit)
Break Even: 28.25
Notes: I've been sticking these three-wides out there for fills at 2.25, but in any event don't want to pay any more than 2.30 (30% ROC). This one filled at 11 minutes after open, so I didn't have to fiddle. I'll rotate back into UVXY after it splits ... .
Metrics:
Max Profit: $75/contract
Max Loss: $225/contract
ROC%: 33.3% (at max profit)
Break Even: 28.25
Notes: I've been sticking these three-wides out there for fills at 2.25, but in any event don't want to pay any more than 2.30 (30% ROC). This one filled at 11 minutes after open, so I didn't have to fiddle. I'll rotate back into UVXY after it splits ... .
Trade closed manually
With 24 DTE and close to 50% max, taking profit here and covering for a 2.60/contract credit (.35/$35 per contract profit or 15.6% ROC).
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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.