Max Profit: .75 ($75)/contract Max Loss: 2.25 (225)/contract Break Even: 13.25
Notes: Basically a contango drift/beta slippage play, but playing the ball where it lies, rather than waiting for a pop ... . Going long put vert instead of my usual short call vert due to comparatively low VVIX.
Trade active
Now that I've got some better entries with last week's pop, I will look to take this setup off at scratch, since it's the most at risk out of the spreads I have on in January.
Trade closed: target reached
Covered this a.m. for a 2.28 credit, taking off the lowest hanging fruit, and freeing up BP. Still have 13/16, 14/17, and 15/18's on the January monthly.
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.