Trade Update : Market Hedge

Stock / Symbol: [private_monthly]iPath S&) 500 VIX Short-Term Futures / VXX[/private_monthly]

Option Strategy: diagonal call spread
Trade entry date: Mar 24

Current Position:[private_monthly]
Long 1 VXX Jan12 20 Call
Short 1 VXX Aug11 28 Call
[/private_monthly]

Update: We got filled at $1.05 on our order to sell the Aug 28 call this morning @ 9:30:00 AM EST.

Max Risk: $744 (adjusted down from $844)
Max Reward: $200 or 26% at $28 by Aug 19th
Profit Range: $25.50 +

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