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VIX and SVIX both dropped today, can anyone explain why?
Talking VIX and options trading with Prof. Russell RHoads
Help a dumbfuck understand why my SVIX call kept going up today even though SVIX fluctuated wildly
Im fucking stupid. Why did my SVIX call keep going up despite the fact that SVIX itself was fluctuating wildly?
Im fucking stupid, can someone explain why my SVIX call kept going up today even though SVIX fluctuated
I’m either doing great or not so great idk yet ($SVIX)
The VIX is spiking and it's a once in a decade opportunity guys... Enjoy this trade.
SVIX is in theory supose to move inverse to the VIX by an equivalent amount
Are there really good plays left right now?
The VIX will rarely get as high as it will Monday. SVIX allows you to short it.
Rarely ever will the VIX spike as high as it likely will on Monday. That's the perfect time to short it. SVIX is the ticker.
Best ways to profit from market crashes/downswings? Options on volatility ETP/ETF?
Can you please explain SVIX to me like I'm a 5 year old?
Shorting VIX investment idea - Tell me what y'all think
Shorting VIX investment strategy - Tell me what y'all think
I got some new crayons from Wendys, my first DD.
Thoughts on the UVIX and the SVIX??
UVIX soared nearly 40% on the day! An investor's "dream" return, what other investment would have such a return?
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Yes it's possible, you can short the VIX through directly shorting VXX/UVXY or long SVIX. VIX is not entirely gamma but gamma is priced into VIX, so if you short VIX then you are short S&P500 gamma.
SVIX is way better for upside Last two VIX spikes I just buy SVIX shares and hold
VIX options have such horrible spreads. I was trying to do this with long DTE double calendars. The first one made 3% in a month even though the VIX dropped and the S&P went up 500 points. But the next one was still in a loss after a 5 point VIX spike which made no sense to me so I’m re-assessing the strategy now. Trying to figure out what makes more sense. You can also switch to SVIX for the ride down if it spikes high enough.
Very common newbie mistake to see a regular pattern on VIX and try to capitalize (just long SVIX, sell premium when VIX high, etc). The problem here is that everyone serious already understands the basic patterns of VIX so it’s priced in. If you buy options to short VIX you are not betting that VIX goes down, you are betting that it goes down faster than the market believes. I would stay away from this unless you understand backwardation, contango and can explain to me how VIX is calculated.
If SVIX wave B were to end somewhere, based on the previous failed upper trendlines shown, it will be $22.05 So a rejection at $22.05 and continuing down starts Wave C down, aggressive correction down. This should happen between today and Tuesday ahead of the VIX Opex / Warsh Fed meeting 06/17
What about leveraged etfs like TQQQ - when vol spikes and VIX gets above 25 then get exposure to TQQQ. You need to understand volatility decay and daily rebalancing so hold for shorter timeframes. Also if you wanted to long SVIX that could be another option. I managed to get filled around 9.50 last year during tariff season and that paid pretty good.
Double calendars when VIX is low. SVIX during a spike.
UVIX just did a 2x during the first few weeks of the Iran war. If you are good at timing the market then UVIX / SVIX often yield higher returns than TQQQ/SQQQ. You can also trade AGQ / ZSL (double leveraged silver) if you're a true masochist.
I would recommend learning how to trade UVIX and SVIX. Volatility is the only certainty as this crisis unfolds. Go read up on the r/oil subreddit for more analysis. Industrial civilization begins to collapse without oil.
I didn’t mean SPY was going to $650 today . Anyways SVIX calls are an option instead of buying shares of UPRO.
You typed all of that (no I didn’t read it all) over 4 shares of UPRO?! SPY going back down IMO. I’d take your profits and go short. VIX is considered to be inversely related to SPY. Some options, for Options. SVIX calls, UVIX Puts. Leveraged, liquid, weekly’s avail.
SVIX = Vix futures, not spot
I feel like SVIX should be up more
> VIX is way too hard to understand Do you even understand the differences between short and long or how the SVIX even works? It shorts a hypothetical 30 days to expiration VIX futures value, it won't always be a 1 to 1.
VIX down 20%, SVIX up 9%. VIX is way too hard to understand so I'll call it a scam instead
Got a shitton of SVIX shares before AH trading close to milk the fuck out of tomorrow's epic green shrekker. Then I'll sell everything before eod
Waiting to entire the SVIX around $10, currently buying beaten down dividend stocks like General Mills, Kraft Heinz. Also about to short oil, and short gold., Then I’ll most likely go long on gold in a big way by the end of the year.
You also had SVIX though, to inverse it. Looks like you had both sides covered just in case.
I traded SVIX last year. I bought at around $11 at the bottom and sold around $20 a few months later
Imagine not buying SVIX lmfaoooo
I have SVIX put credit spreads for April and some ITM July credit spreads. No I’m not worried about early assignment. I also setup a calendar spread for next week. I prefer trading a leveraged fund it can move much quicker percentage wise. UVIX call credit also works.
Bought SVIX Friday for oversold bounce. After bounce going short again
please don't ask me why I held SVIX over the weekend
just did my taxes. yeah the SVIX k1 is a bit annoying but not too bad took only 3-4 min to add the $3.50 i made (about 339 trades)
Different discussion today, right? I fucking raked it in with UVIX today. Left some to sit over the weekend, which I hate, but doing that with these contango fuckers and I've been caught holding my dick (UVIX) before... May volitility roar this weekend.... Then chill, so I can ride the SVIX down like last weekend
You can but it's an overpriced scam. UVIX and SVIX shares work more like how you'd expect
SVIX is getting destroyed right now
you bought SVIX into an fomc and with iranian war still hanging over the market? what? 😬
Plz SVIX do something you’re my only hope 🥲
I do Covered Calls on leveraged ETFs and it works very well for me. I'm actually shocked that many people don't do it. It requires a lot more activity and management. I do the management daily. I have plenty of time. It pays me more than my previous job and I love it. If you want to set and forget or do 30+DTEs, it won't work well. I have weekly expirations. I sell Covered Calls with anticipation that prices might drop, I take profits early by buying back and cashing out premiums, ... Etc. I trade both SOXL and SOXS, TQQQ and SQQQ, TNA and TZA, UVXY and SVIX, ... I love it.
Yeah, I sold some and used it to buy SVIX.
Seriously, you have that kind of money and can’t make money? I’m gonna tell you that I switch to selling cash secured puts and I returned 42% in little over a year. I sell ETHU, MSTZ for a while, TSLL, SVIX after a sudden market drop, CORD sometimes, and other stuff. But like…….why are you being stupid?
SVIX is a scam it never tracks the VIX closely
It's speculative, it's risky, but it's not entirely crazy.... Unlike other investments, the VIX index has a 'floor'. No matter how high VIX wanders, it's not dropping far below 15, or 12. And it will always return to that level. So when there are occasional high-volatility times in the market, I put about 5-10% of my portfolio into a Short Volatility Fund (SVIX), with the assumption that things will return to normal, accompanied by drops in volatility, and increases in the fund. The risk is worth remembering and understanding - if the VIX spikes, that fund craters. So insert your preferred disclaimer about speculative positions! Me: I'm in SVIX right now, and am likely to 'double down' if VIX goes to 30 or more and hovers there.
SVIX is inverse of VIXY VIXY (an ETF for futures) is not VIX (an index). VIXY was +4.84% today, SVIX was -4.78% today. VIX was -2.31% today.
VIX and SVIX both down a few percent hmm
VIX is spot VIX, SVIX's VIX holdings are futures, they are related but also completely different.
Yes the IV is 200+% so I get an almost 50% credit. $.25 for $.50 wide spread. Higher percent credit than SPY put credit spread. I also added some SVIX 4/2 $16/$15 for a $.36c, after a few days and a few bucks up I can buy them for under $.20 easily.
sorry. I'll be serious now. I've in the past shorted SVIX whenever it was easy to borrow on etrade. The piece of shit decays so much that holding a short for a long time pays off. I shorted it when it reached 23-24 and have still not closed it. The VIX term structure right now wil make sure svix plummets fast.
I got long SVIX a bit early. Rough ride ahead
Another retard here with you already with my algorithmic trigger pointing bullish Monday! IMO, You are not. As far as I know SPX must touch 6810 even if market opens lower. I have ITM SPY calls,TQQQ, SOXL and SVIX. If market dips, I will buy more right at open. In addition, I am betting 0DTE tomorrow. If everything goes as per my expectations!!
now that /VX backwardation is in full swing, do NOT blow your load on SVIX in one day like I did last year. WAIT until it gets really fucked, then start stroking real slow. thank me later.
The best thing you can do is sell Cash Secured Puts on inverse indexes. There’s so many ways to make money. Start selling CSPs on the SVIX. Start selling next day expiring call credit spreads on the SPY or SPX. Sell CSPs on CORD. There’s absolutely no reason to sit and watch. This is THE time to sell options. You want the Vix high. Collect that premium ladies and germs. But some TSLZ shares. Start shorting the darn market.
UVIX calls ITM this week, buying SVIX weekly calls for next week
made fat stacks selling SVIX on Monday, covered a little late today but good enough. love harvesting decay.
UVIX puts, SVIX calls noiuce
SVIX dip was the move today, already up 10% from lows
made fat stacks buying SVIX last year when /VX curve flipped...
SVIX was free money at open
LOL look at the /VX futures curve. SVIX is going to get fucked six way. great time to buy it if u can time and position size this shit well though
for those who don't trade futures, do yourself a favor and grab some SVIX over the course of today. you're welcome.
I know it’s based off of futures but i still have a hard time wrapping my head around SVIX being red when VIX is down multiple points
Yeah def just going with SVIX shares next time
My SVIX is 5% since lows this morning, much better reward/risk ratio
BOTH - SVIX and TQQQ are easy to borrow on ETrade. wild. love harvesting rebalancing decay on these etfs
MSFT pumpin. Banks pumpin. SVIX dumpin. Big green for me today. How did anyone lose money?
Why are VIX and SVIX both green at the same time? 🙃
only vix related etf i buy is SVIX.
You could also buy calls on the SVIX
All comments here are correct, VIX options are priced in futures, there is no way to trade spot VIX. I can add that I tried this myself recently buying a call spread when VIX dropped below 14, and barely broke even when it was above 18. Futures just don’t react to today’s volatility the way the spot VIX number does. Expected volatility vs implied volatility. I thought “VIX is at 14, surely it will go up”, but so did the people selling the contracts, so it was priced in. VIX ETFs all trade on futures as well and all have pretty aggressive decay, so you can’t just accumulate and wait for a pop. Best way to play VIX I’ve found is buying SVIX during spikes.
👀 Did dump puts for SVIX during his keynote though so there's that
Might get some SVIX for the inevitable taco
So glad I sold SVIX last week.
Leveraged ETF (uses swaps with embedded financing costs to give multiples of price exposure) like SSO/UPRO Shortvol fund that harvests the decay between m1-m2 futures contracts on SPY (if the futures are in contango, you steadily make several percent per month) but when short term volatility spikes you experience massive drawdowns. $SVIX.
Great points. At least you understand what you’re talking about, and know my challenges :) Sometimes I post my trades or position profile on Twitter/X so it’s not difficult to verify. Just yesterday I posted one of my current positions (only the risk profile) with only $1600 margin use and I’ve already made $6K profit on it, still holding 30 contracts: https://x.com/deus_trader/status/2008251563748585939 Though usually I do better and may have 100-500 contracts on an underlying mixed across tenors and calls/puts that balance each other and together take maybe $10K-$30K margin max (lots of expiring worthless contracts too). I also have positions on cheap stocks where margin use is smaller. But you’re actually right to be suspicious because now thinking about this and looking through my account, I own thousands of cheap contracts that may now be worthless, and which I just keep until expiry as a hedge and for margin improvement. For example initially I may own 100 cheap long DOTMs spread across tenors and sell some ATMs against those, then after a while the DOTMs are worth so little they aren’t even worth selling, so I keep them till expiration. I may even have 20K worthless contracts expiring Jan 16th, because I was trading them throughout last year and many of those that I couldn’t get out of are now worthless. Actually couple weeks ago in December I tried so sell many for $0.01 as a tax loss, but couldn’t. They’re worth literally $0. I only managed to get out of some of them by buying spreads and ratios and spending a few cents per order rather than collecting anything. I couldn’t even get out at all of some underlyings like SVIX where liquidity is thin and min bid/ask is $0.05. Some of my past trades that I posted on X had ~50 contracts in a single trade. Sometimes I have 100 contracts per order, distributed among 3-4 legs. The required margin on such single trade can be $4K - $30K. I do more of those with lesser margin. Even at 10-15 contracts per order, it’s not that difficult to do 10 orders per day and accumulate huge number of contracts, especially if you let many expire worthless. And worthless in my case doesn’t mean short but mostly long. Anyway, so last week when writing this post I just ran a quick query to total all the qty, regardless if they’re worthless. I usually use up all my margin because even my open orders take out margin and I don’t know which ones may go through and when. But generally with my own contracts becoming worthless after a while my margin use can improve. I actually don’t have too many “heavy” positions right now with expensive contracts. And when I gain profit, I literally see more margin available and increasing in front of my eyes. Not always, but it’s nice to see because then I know some stock blew up to either side and I have to find which one to close it.
SVIX SVXY got that congango steepness working in is favor like in 2022-2024 again
lol SVIX back in always go up mode when market falls. gotta love that impervious VIX
I have a conundrum, I’m buying SVIX calls that are printing, I’m shorting SLV and I’m also buying SOXS. If the market was complacent none of these trades would be working. Calling all Militant bers to battle stations🐻👀🫵
Buy SVIX calls, sell SLV….. buy SLV at 45 and go back to hibernation Watch em🐻👀🫵
If you’re not buying SVIX you don’t want money. Ber knows !!
Long SVIX fuck your calls
Now that (1) /VX for Jan Feb and March is in deep fucking contango, and (2) The dollar is losing value faster than you are losing your ber arse buying puts, and (3) I've cum to realise that teh gae is not bad, just misunderstood, AND (4) SVIX is for whatever reason easy to borrow (on ETrade, don't know about others) Selling SVIX short would be the perfect hedge for the "investors." For degens like me, shorting it in small batches (not going full regard) sloooowly as we bleed up, would be an excellent trade. upvote if you agree. IF you don't agree, just know that I fucked your mum last night
Given that everyone is on vacation and the market is dead, Jan 2 $23.50 calls on SVIX. Anything higher than 24.23 is profit and its moved up 1.8 in the last 6 trading days, which is the length of the call (currently 23.87). I expect next week to be just as boring as this week. Disclaimer: I'm not degenerate enough to do this myself, but it did look like an interesting trade
Options have a brutal built-in self education course; I do not recommend. Some alternatives: 1. STRC. Requires some trust in MSTR but is supposedly over collateralized. Yield is over 10% and adjustable. 2. Dividend life insurance. I have policies that are 10% base insurance, 90% "paid up additions" and after several years of owning them I have the cash value growth match the SP500 with guardrails. Yield is around 7%. (Load with this design is about 10% versus 50% or more with traditional policy design). 3. If you're entrepreneurial and understand local real estate, offer hard money loans. Rates are +15% but you need to structure loans with recourse and know what you're doing. I know a guy doing it and he loves it, turning into retirement income for him. 4. Short Volatility. If you're stuck on stocks and don't like STRC or want more control then do this. There's discussions here on reddit about how to do it. Once again, risk management is key. I only buy SVIX, never short, and always have a stop loss. I won't mention my CAGR but other stock trades don't hold a candle to it, it's like staring at the sun.
SVIX is easy to borrow now with some brokers. Most reliable short I've encountered.
SVIX is easy to borrow on etrade LOL. shorted just 30 shares for a start. will start building this hedge . so much better than buying puts or donating money to UVIX's decay
I ve been eyeing SVIX puts for the same. If vix spikes SVIX tanks hard. But I wont put 50 K. Maybe 2K.
This trade is hard to time correctly but if you time it right it pays off super well, But SVIX looks pretty bullish right now
SVIX and the etp's track vix futures, not the index. You're also better off probably buying calls on UVXY, UVIX, or VXX. Also, trying to predict spikes is hard and you're more than likely going to lose money on this but good luck.
Good news! You can buy XIV again with SVIX, just be careful of random -90% days
So how we feeling about SVIX today? Shorting that shiz? Looks like easy money if we calm or we get fooked royally.
If the ^VIX breaks past $27.52 then I’d say start buying shares of SVIX to bet against it short term ngl. If it dosnt break, we going back down. We’ve been here before a few times , we never break that point . That’s the key for me.
Your buy signal is when SVIX hits $9, SOXL hits $7, and Saylor gets liqudated and sent to prison.
Google says alcohol consumption remains stable during hard times. What happens is that people shift to drinking more at home which is much, much cheaper. people already do the majority of their weed smoking at home, so the cheaper alternative is to either smoke less, or shift to alcohol, which is cheaper.... Bur go for it, and buy those weed stocks. :) I hope you get rich! As for me, Im selling CSPs against VIXY until SVIX hits 14, at which point I'll buy directly into that and sell covered calls against it until it gets back to 20.
Gonna help you out. Just inverse yourself. For example, buy SQQQ instead of QQQ. Buy SVIX instead of VIX.
What to look for today: Strong sell-off at open Brief bounce-back to even Another dump to take us back to where we started Slow steady climb during the day to end at +0.68% Endless amount of "bers r fuk" comments during this time SVIX ending the day above 20 Zero movement in the aftermarket
anyone going into the SVIX today?
shorting /VX is what I do. I opened more /VX december shorts today. But a lot of folks here are not comfortable with futures or trade in their IRAs where they can only buy, not short. so SVIX is a (poor) substitute for that.
Those who are panicking -- just take a look at /VX for this month, for dec and for Jan. this is why SVIX has taken only a small shit. because the market is pricing this correction as short lived. either sell naked calls or outright short if you feel like you want to trade. or start buying SVIX as it approaches 15 . you know the drill. when it looks like the world is ending, buy. with leverage. made a tidy pile in apr, will make a tidy pile this time.
Just buy SVIX calls atp, volatility will drop at some point