OPENING: VXX NOV 16TH 30/32 SHORT CALL VERTICAL

10 oct 2018

... for a .66/contract credit.

Going small, defined risk, collecting one-third the width of the spread.
Metrics:

Probability of Profit: 55%
Max Profit: 66/contract
Max Loss/Buying Power Effect: 134/contract
Break Even: 30.66

10 oct 2018

Operación activa

Taking a 1.00 of realized gain out of the long call by rolling it up to the 33 (and for an additional .33/contract credit); scratch at .99/contract.

12 oct 2018

Operación activa

Playing a bit more of the "elevator up" game ... . Rolling the 33 up to the 34 for a .38/contract credit. Scratch at 1.37/contract.

19 oct 2018

Operación cerrada: precio stop alcanzado

Adding a 27/30 short put vertical for a .67/contract credit to the setup buying power free, creating a 27/30/30/34 iron fly with a scratch point of 2.03/contract and a slightly better upside break even of 32.03 (down side break even of 27.97).

19 oct 2018

Operación activa

Oops: That should be a "Trading: Active" comment ... .

24 oct 2018

Operación cerrada manualmente

Covering the short call side and the short put for a 3.06/contract debit (1.03 loser).

24 oct 2018

Nota

The 27 long put is currently "no bid," so leaving it on as a lotto trade.