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jrod

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jrod last won the day on February 26 2020

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  1. jrod started following CML TradeMachine
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  3. jrod
    Probably 23Feb expiration, but could be adjusted according to one's trade premise.
  4. jrod
    Yes, I'd look at something like 44/38/32. And yes a big gap down could hurt, but the vol would likely begin to collapse, helping the trade. Not a big hitter, but takes advantage of falling vol with risk limited to the downside and potential for a solid profit. Just my 2 cents.
  5. jrod
    What about an unbalanced put butterfly (1/3/2) on VXX? Shift all the risk far to the downside. Put the trade on for a small credit and have an advantage with IV falling as VXX comes in?