Open – VXXB – Unbalanced Butterfly

## VXXB – Unbalanced Butterfly

* * *
Open VXXB – Unbalanced Butterfly
Buy 7 VXXB 3/1/2019 34.5 Puts
Sell 21 VXXB 3/1/2019 33 Puts
Buy 14 VXXB 3/1/2019 28 Puts
Filled: ($1.35) Credit
Profit Target: Wait for expiration. Take early profit if we hit 80% of max over first 40 days.
Risk Limit: Risk limit at $2.70 close before this level

### Trade

**VXXB**

![Trade Fill][1]

### Risks

![Risk Profile][2]

### Notes and Management
V is in a solid sideways channel. Using that as the base for a longer term IC. Will watch for opportunity to close early.

[1]: https://s3.amazonaws.com/optionsedutradingimages/583be738-c06d-43c0-a520-444c20b85572_OpenTrade_FillPrices_2019-02-07T15:35:59.jpeg
[2]: https://s3.amazonaws.com/optionsedutradingimages/583be738-c06d-43c0-a520-444c20b85572_OpenTrade_RiskProfile_2019-02-07T15:35:59.jpeg

2019-02-07T14:55:02+00:00

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