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Showing posts with label UVXY Feb 18 2022 8/11 credit put spread. Show all posts
Showing posts with label UVXY Feb 18 2022 8/11 credit put spread. Show all posts

Sunday, April 3, 2022

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

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Wed. 1/5/2022

sell -1 Feb 18, 2022 $11 put at $1.36 (prob ITM 45%)

buy +1 Feb 18, 2022 $8 put at $0.14 (prob ITM 14%)

  • net credit:  $1.22
  • margin:  $300
  • oversold
  • 44 DTE


Tue. 1/25/2022

buy back the entire spread at $0.34

NET PROFIT:  $85.35

Reasons for closing trade:

  • overbought
  • 24 DTE
  • UVXY = $19


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