OPENING: VIX JULY 21ST 9/12.5/12.5/16 IRON FLY

Telah dikemas kini
Without a ton of stuff to do here premium selling wise that meets my standards, layering on some more VIX fly in the July expiry (35 DTE). July /VX futures contract is currently trading at 12.45, so that's where I set up the short straddle body of the set up.

Metrics:

Max Profit: 1.82/contract
Max Loss/Buying Power Effect: 1.68/contract
Break Evens: 10.70/14.30

Notes: I actually got filled slightly above the mid at 1.82 and will look to manage at 25% max.
Dagangan ditutup: sasaran tercapai
Covering here for a 1.70 db on a revised target of 10% max. Seems hardly worth it, but wanted to avoid a repeat of last month's fairly lackluster VIX settlement at 10.71.
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