TRADE IDEA: UVXY JUNE 17TH 10/13 SHORT PUT VERTICAL

已更新
Since I have a "virtual gaggle" of VXX trades on, I'm turning my attention to UVXY setups (in spite of its warts) to go long volatility here.

Metrics:

Probability of Profit: 64%
Max Profit: 120/contract
Max Loss/Buying Power Effect: 180/contract

Notes: The mid price for this setup is $115, but bid/ask is wide in this instrument, so I'd putz with a fill above mid, particularly since price may back into the setup from where it's currently at (17.03). Look to take the money and run at 50% max profit (60/contract) should you get filled.
評論
Filled for a $120. Could have gone for more, but got filled fairly immediately at open.
評論
Closed for a small profit on this pop.
options-strategyshortputverticalUVXYvixderivatives

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