OPENING: VIX OCT 16TH 16/18 SHORT CALL VERTICAL

... for a .60/contract credit.

Notes: A VIX term structure trade with a break even at or above where the corresponding /VX future is trading. Designed to emulate what a correspondent front month futures contract in /VX does as it converges on spot, the short call vertical has a 16.60 break even versus the October /VX contract at 16.55.

Will look to take profit at 50% max.

Dagangan aktif:

Rolling up the 18 long call to the 19 for a realized gain and a .28/contract credit. Scratch at .88/contract with a break even at 16.88.

Dagangan aktif:

Rolling up the 19 long call to the 20 for a realized gain and a .35/contract credit. Scratch at 1.23 with a break even at 17.23. Essentially playing the elevator up/down game with a spread, rolling up the long aspect in profit and waiting for mean reversion ... .

Dagangan aktif:

Rolling the 16/20 for a small realized gain to the November cycle for a .30/contract credit; scratch at 1.53, BE at 17.53.

Dagangan aktif:

I can't help myself ... . Rolling from November to December for a realized gain and a .40/contract credit. Scratch at 1.93, BE at 17.93.