Jeff 7:21 am on Wednesday, December 23, 2015
Tags: VXXGame ( 769 )

UVXY spreads

#VXXGame Sold to Open $UVXY Jan 8th 22/20 put spreads for .55, in my 401K and smaller accounts.

geewhiz112 7:43 am on Wednesday, December 23, 2015

Very nice risk reward. I’m following on this
$UVXY Jan 8 20/22 BUPS @ .85
- Jeff 7:47 am on Wednesday, December 23, 2015
  
  Don’t you mean .55?
  - geewhiz112 7:54 am on Wednesday, December 23, 2015
    
    I put in wrong prices. Sold 22/24. Going to close it and do it correctly.
    Thanks for the catch.
    And Merry Christmas to you and all the gracious members on your site.
Arthur Krumholz 6:13 pm on Wednesday, December 23, 2015

UVXY SPREAD: Is this like a BuPS, Sell the 22.0, buy the 20.0? Just want to make sure I’m on the right page. ;>)
- Jeff 2:20 pm on Thursday, December 24, 2015
  
  Sorry for the delayed response, but yes, you are exactly correct. Max profit is the $55 I took in by selling the spread; Max loss is the width of the strikes minus that credit, so 2.00 (X 100 multiplier), $200 – 55 = 145 max loss.

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