Money management in long options

Quote from newguy05:

wrote the positon atm for 35pt credit:

short JUN 960C
long DEC 960C

net vega -1.4, theta 0.3, stop loss around mid nov and/or if vix explodes from the current 60 (will evaluate)

Excellent, I would be interested to know how it trades along!

Best Regards

Johno
 
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