I wish I could say I am a market genus from this trade but truth be told, I cancled the trade and it just never went through so I ended up with 3 contracts.
10/13/2008 Sell To Close 3 VIXXI VIX DEC 35 Put $6.50 $1,935.05
10/10/2008 Buy To Open 3 VIXXI VIX DEC 35 Put $5.00 ($1,514.95)
Total Gain $415.00 which is very good but I can see from the numbers my losers are a lot bigger than my winners. I closed this thing as soon as saw a profit. I later learned that the VIX options are not even priced off the index thay are priced off the futures.
****Mistake on trade: None good trade
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