Trade view /
31 May 2016 at 7:26 GMT
On May 19, we initiated this $4 wide call spread
with the assumption that the volatility in the market will expand. In many cases like this we have a low probability, high payout situation any time we look for direction.
This one was no exception – the VIX failed to rally. Nevertheless, we have a a limited amount of capital at work and just over two weeks on the trade. We will provide another update.
— Edited by Michael McKenna
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