VIX Bottom played out

VIX bottom play for the next 7 days.

Don't use any technical indicator on VIX if it's too low, just move:

I don't need big timeframe to playing this out, so 7 days is far enough.

Max profit: $90
Probability of Profit: 47%
Profit Target relative to my Buying Power: 42%
Buy Power: $210 (max loss without management)
Max loss with my risk management: ~ $100
Tasty IVR: 11.3
Expiry: 7days

Buy 3 VIX Mar24' 19 Call
Sell 3 VIX Mar24' 20 Call
Debit call spread for 0.7 debit each

Stop/my risk management: Closing immediately if daily candle is closing below $19

Take profit strategy: I'm taking at the 75% of max.profit in this case with auto sell order. (at 0.95 credit)

If you liked this article, check my other ideas.

Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).

Trade closed: target reached

Missed the top (spread 0.01cr fck...) closed manually at 0.89cr in profit ;)
$56 profit in one week. 26% profit on my position capital.

TanukiTrade

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