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boca_bobby

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boca_bobby

Re: boca_bobby post# 18788

Monday, 02/02/2009 9:44:08 PM

Monday, February 02, 2009 9:44:08 PM

Post# of 160314
VIX is getting pumped up again. I have a butterfly play on here folks.

Buy 4 Feb $45/CALLS
Sell 8 Feb $50/CALLS
Buy 4 Feb $55/CALLS

The closer we stay to $50 at expiration, the better my profits. My cost for this spread was $0.95, with a maximum profit of $4.05.

I got into this on 1/23/08 and I've seen a price of $1.25 so far for this slow developing option play. That would be a gain of about 32%. But we break support tomorrow and the VIX should shoot the moon and get over 50. Then hopefully she settle back in and slowly comes back down.

I am in the profits from $46 to $54 on the VIX with the major profits coming in right at $50. So far so good.

Boca_Bobby

Mom said there would be days like this!

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