$36 Profit
VXXShort Option

Entry comments: VIX did not confirm the dip which is bearish for the VIX. put this on as a hedge for my put premium. this makes my position a Long Iron Condor, but not near as profitable as it would have been had I put it on when I traded the Put side of it.
Exit comments: Max Gain: $35.83; 6.98% of trade; 1.55% of account Max Loss: $513.36; 22.18% of account only 2 days from expiration and VIX has to make a 10% move in order to max out the losses
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 2/28/2012 | 0.07 |
| Exit | 3/1/2012 | 0.0252 |
- Total Views193
- Position Size8
- Percentage64%
- Option TypeCALL
- Strike
- Expiration3/2/2012
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