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Wednesday, June 22, 2022

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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FREE OPTIONS TRADING LESSONS HERE.



6/13/2022

sell -4 July 1, 2022 $12.50 puts at $0.22
  • prob ITM 13%
  • 14 DTE
  • I reused the July 1 $5 long puts ("wings") from my May 19 trade


6/21/2022

buy back $12.50 short puts at $0.09 to remove the risk

let the long puts expire

PROFIT:  $52