... for a 2.25/contract debit.
Max Profit: .75 ($75)/contract
Max Loss: 2.25 (225)/contract
Break Even: 13.25
Notes: Basically a contango drift/beta slippage play, but playing the ball where it lies, rather than waiting for a pop ... . Going long put vert instead of my usual short call vert due to comparatively low VVIX.