Option Investor
Intra-Week Blog

VIX Put Exit Wednesday Morning

HAVING TROUBLE PRINTING?
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The VIX declined to close at 41.63 on Tuesday and I want to bail on this position at tomorrow's open. The potential for a sell off next week could have some traders bailing on stocks starting tomorrow. We never know if the window dressers will be able to hold them off so let's just take our profits and run.

The Jan $50 PUT VIX-MJ was quoted $7.40x$7.80 at Tuesday's close. We entered the position at $3.90 so very close to a 100% gain. If the market spikes at the open on Wednesday we could do slightly better.

Jim Brown

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