High probability volatility play on VIX

The last couple of days we saw volatility spike up. Knowing that the volatility will eventually go back to its mean we can make a high probability trade using the VIX -1.51% . By Selling a credit vertical spread, selling the 20 call and buying the 28 call with an expiration on November we have over 60 days to let the VIX stay below 21.45 to make money. We can also improve our probabilities if we close the trade when we get 50% of the credit received.

Trade fermée: cible de profit atteinte:

Target reached. We got to the 50% of the credit we received.