NaughtyPines

OPENING: VXX JAN 19TH 33/35 SHORT CALL VERTICAL

Short
NaughtyPines Updated   
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
... for a .66/contract credit on another VXST/VIX >1.00 print.

Probability of Profit: 52%
Max Profit: .66 ($66)/contract
Max Loss: 1.34 ($134)/contract
BE: 33.66

Notes: Will start to look at taking profit north of 50% max ... .
Trade active:
Rolling the 35 long call up on increase in value for a realized gain and a .30/contract credit. Scratch point at .96; BE at 33.96.
Trade closed manually:
Covering for a .62/contract debit today. .96 - .62 = .34/contract profit (what I was shooting for with the original setup -- 50% max of .66).
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