NaughtyPines

OPENING: VXX FEB 23RD 26/29 LONG PUT VERTICAL

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AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
... for a 2.21/contract debit.

Max Profit: $79/contract
Max Loss: $221/contract
Break Even: 26.79

Notes: I wasn't completely satisfied with the fill price of my 25.5/28.5 entry yesterday, so decided to put on one more in Feb if I could get a fill of a 26/29 for less than 2.25/contract ... .
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