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

Updated
... 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 ... .
Trade closed manually
Covering here for .20 short of max at 1.80 (.46/contract winner).
Beyond Technical AnalysislongputverticaloptionsstrategiesVXX

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