Good advice--but I was prepared to pay my whole spread (and had in fact written it off as such already in my trade log). It cuts both ways though....I'm sitting on a $100 winner that I was expecting around $600 in losses. Also, symbol VRO seems to be the ticket here.
Both VIX and SPX SQs can make for interesting options or delta one trades if you have a strong directional bias going into it the night before. VIX has been especially exciting for a variety of reasons.
Today was exciting. I was short the 9.50 call, and long 2x the 11. The position has been red since I opened it 40 days ago for $1.00. Today, it's settling at 1.29, and looking a lot better in my trade log since I was already showing it as a 1.50 closing debit