To: blam
Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. This is balony ... if you are entering a long or short CALL spread position, you are using CALLS ... not PUTS.
22 posted on
02/06/2013 8:17:40 AM PST by
dartuser
("If you are ... what you were ... then you're not.")
To: dartuser
Nope - They bought the april 20 calls and sold the april 25 puts.
This reduces the cost of the bet by trimming the upside potential.
37 posted on
02/06/2013 9:51:45 AM PST by
Triple
(Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
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