OPENING: VIX MAY 17TH 16/19 SHORT CALL VERTICAL

Updated
... for a .77 (77/contract) credit.

Another "Term Structure" trade (See Post Below).

Farther out in time than I like to go, which means I'll probably regret it in short order.
Trade closed manually
Covering today for a .42 ($42)/contract debit; .35 ($35) gross profit/per contract. Not quite 50% of max, but wanted to free up some buying power here ... .
options-strategytermstructureVIX CBOE Volatility Index

Related publications

Disclaimer