Short UVXY via long Apr20 put debits for $2.19.
POP: 68%
Max loss: $892 (2.19 x 4)
Max Win: $308
ROC: 34.5% over 66 days
Long 24 put: 36 delta
Short 21 put: 30 delta
I usually let these expire ITM, as my broker TW has cheap exercise fees. In the case that it expires in between strikes, then I will have to manage them by closing on expiration day.
POP: 68%
Max loss: $892 (2.19 x 4)
Max Win: $308
ROC: 34.5% over 66 days
Long 24 put: 36 delta
Short 21 put: 30 delta
I usually let these expire ITM, as my broker TW has cheap exercise fees. In the case that it expires in between strikes, then I will have to manage them by closing on expiration day.
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