Trade Alert 9/6/2024

We have decided to take profits on our VIX call butterfly spreads. We will leave the 16-19 bull call spreads toward expiration. There is likely to be a move up or down in the VIX before expiration. Either direction would take us away from our ideal zone. The details are below. Sell to close:  VIX Sep 18th (monthly) 16.00 strike call (ratio of 1) Buy to close: VIX Sep 18th (monthly) 20.00 strike call (ratio of 2) Sell to close:  VIX Sep 18th (monthly) 24.00 strike call (ratio of 1) Credit:  1.20 Profit of $0.83 per spread, a +224% return.