![Chart Options Volatility VIX](images/Chart_Options_Volatility_VIX.png)
Risk: $55 per 1 lot
Reward: $45 per 1 lot
Notes: Neutral to Bearish Trade
UPDATE 9.21.2012 With the Stock above $40, my Short 39 Calls will be short stock vs my long 40 Calls will be long stock, making the Spread worth $1 and moving to the next trade.