OPENING: VXX FEB 2ND 27.5/30.5 LONG PUT VERTICAL
Updated
... 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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