OPENING: UVXY JAN 19TH 13/16 LONG PUT VERTICAL
Updated
... for a 2.29 debit.
Metrics:
Probability of Profit: 61%
Max Profit: 71/contract
Max Loss: 229/contract
Break Even: 13.71
Notes: Putting on a little more UVXY long put vert in light of this little pop we had today (VXST/VIX ratio finished at .95). The January 12th weekly opens tomorrow, so may add another position there as well ... .
Metrics:
Probability of Profit: 61%
Max Profit: 71/contract
Max Loss: 229/contract
Break Even: 13.71
Notes: Putting on a little more UVXY long put vert in light of this little pop we had today (VXST/VIX ratio finished at .95). The January 12th weekly opens tomorrow, so may add another position there as well ... .
Trade closed manually
Covering here for a 2.51/contract credit; .22 ($22)/contract winner. Taking off some risk in the Jan 19th expiry at these all-time-low's.
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