VIXY

No_Confusion_2085

VIXY calls bitches!

MrMcjibblets1990

Would VIXY calls be the play then? Buy Thursday, sell late Friday? If it's all about volume, then why try and play a 10 minute swing?

RandyTomfoolery

not sure, but i just got 40 VIXY call spread for 10/16

RandyTomfoolery

prolly time to buy VIXY Oct. 16 $17/$20 call spreads to hedge your port a bit.

legonadir

I have VIXY 21 dollar calls for $0.70 How do you spend that much for 100 strikes? VIX has never broken 100.

EndTheFed25

I bought $VIXY puts for basically nothing today. We'll see if they print.

qaswexort

VIXY

Longjumping_Moonman

VIXY??

tropicalia84

VIX is lagging Look at the vol ETFS like VXX, VIXY, UVXY All already back down to lows of day and puts collapsed in value even with SPY retracing

Fauster

For me, 45 DTE is still short term. 120 is better, 180+ is better still. You still have convexity, but less convexity. I do like to pick wide OOM bear spreads for initialization. LT expiries are more expensive up front though, so you can narrow the bear spread a bit if that is an issue. My logic is that is that when own stocks with the most quickly ramping earnings and margin, I have to put up with a ton of volatility, especially overnight and Asia but I don't want to be forced to sell. If the spot drops all the way through a spread, like it did with SPCX and RKLB recently, I mostly just close them, sometimes roll, because I always have layered spreads. If spot drops through the spread, you already made most of the money, and you have lost convexity. But, I don't like to default to rolling because the best time to sell spreads is NOT the best time to buy them. I plan to permanently run with at least 5% of the value of my portfolio in bear spreads, unless the bottom falls out, then I may go straight long again. Because of this, I want to minimize the cost per day of hedging. Year-DTE bear spreads are even better, but again cost more up front. With layered LT expiries, you can afford to wait for great times to buy them, when the sun is out, when stocks are hitting new highs on fierce volume, when MTUM is ascendant, when call interest >> put interest, when there are no massive put floors right underneath the price. Most importantly, when IV < HV. If IV == HV, then I think the options are still underpriced. Black-Scholes models assume a random-walk Gaussian distribution, which is plain wrong. Actual forward distributions are much narrower than Gaussians and have much longer tails on both sides. The market dramatically overestimates the time that the spot will stay in a narrow range. If IV<< HV, on a stock, that is a juicy price. So wait for rallies to find firesale prices on LT puts. No one is forcing your hand. The middle of a crash is a bad time to buy bear spreads, but with 4-12 months DTE, that's fine, because you already have them. I always have a spread because I never expect a security to fall by 50%, though it happens, so why not make it cheaper? With this setup, your portfolio is the equivalent of a Poor-Man's VIX structure. This means you would just flat out buy SPY and buy a SPY bear spread or put at the same time. This is arguably cheaper and better than buying VIXY. I probably have some SPY bear spreads, but I like to concentrate on more volatile stocks but only when IV is low and spreads are good. I like SPCX and TSLA because they are so active so they have tight spreads, so you don't lose on the bid/ask spread just to enter. I'm flat out bearish on TSLA, and a little scared of SPCX because the last falcon heavy launch was a good one. Still overvalued, but I think a lot of retail traders who are rich from betting on TSLA (I was long until the cybertruck and semi delays happend) will give Elon all the funding he needs. I also think that these fanboys are leaving TSLA for SPCX, which is conventional wisdom, and behind all the talk that Elon will try to merge them. I think we does want to merge them, but he would rather hit TSLA capitalization targets first, then roll into SPCX to it SPCX valuation targets. In this market, I don't think he'll get the TSLA kickers, but he certainly could if SPCX made an offer for TSLA that is just ridiculously far above spot. SPCX and RKLB puts were super cheap with great spreads in the early days of the IPO, and let's face it, we know the average trajectory of an IPO. It will open too high, rally to a blow-off-top peak, then fall below the entry point as investors that have been in 5-10 years rush to the gates to unload as the lockup ends. I even have some low-value SMH spreads for more direct volatility purchases. But yeah, tl;dr: OOM bear spreads are very convex when the price falls into them. I just think it makes financial sense to go as LT as you can afford if you want to run with hedging; volatility can literally give me ulcers without them. Every down day, you can sort your portfolio by daily gains, see a lot of green, then think about when you want to close spreads, before you think about selling stocks with strong margin growth into a panic/value-at-risk unwind. Also, when you buy LT bear spreads, you don't have to buy them as often, so you lose money on the spread ONCE, not many times. But, everyone has their own style. I used to take a lot more concentration risk, I've made all the mistakes that noob investors make. Never buy LT spreads when the market is crashing because the MM and Wall Street will be busy stacking puts, IV>HV, a dumb condition.

Maleficent_Top_4340

VIXY / VIXM better

throwaway3259348

Sounds like you’re wanting to do about the same thing as VIXY. You should look at that chart before you do this. This is a losing strategy. Futures roll cost will eat you alive over time. You cannot just hold spot VIX as an asset.

BossBackground104

When volatility spikes play VIXY 0dte. Good luck

DuckLIT122000

Waiting for VIXY to go to $2 so I can be

HatNo9667

SPY with the big red deildo and VIXY stuck in the cuck chair playing with it's own weiner

Thebaxxxx

Chinese man is unsure about VIXY, asks; "Why don't you look at current fuel prices before giving out subsidies, fuel prices have already dropped."

DuckLIT122000

Can we get a sharp move for once? I'm trying to sell my VIXY

ai-moderator

#TLDR --- **Ticker:** SPY, QQQ, CCL, VIXY **Direction:** Down (Market), Up (Volatility & Toilet Paper) **Prognosis:** Aggressively buy June Puts, Long Volatility calls, and hide in a bunker with Campbell's Soup **Catalyst:** 2026 Hantavirus Cruise Ship Pandemic Speedrun **Vibe:** Unhinged Doomsday Bear 🐻🩸

ai-moderator

#TLDR --- **Ticker:** SPY, QQQ, CCL, VIXY **Direction:** Down (Market & Travel) / Up (Volatility & Canned Soup) **Prognosis:** Buy June Puts on SPY/QQQ/Cruise Lines, Long VIX Calls, Hoard Clorox **Catalyst:** Hantavirus Death Boat (2020 Speedrun) **Vibe:** Apocalyptic Doomsday Bear

Ecstatic_Wheelbarrow

The VIX and other indexes are generally for day trading options because they are taxed at 60/40 (long term/short term) instead of 100% short term. All these people on reddit day trading SPY instead of XSP are donating money to the government (if they make money). >ProShares VIX Short-Term Futures ETF provides 1x exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration. >This ETF is benchmarked to an Index of VIX futures contracts. The ETF is not benchmarked to the widely referenced Cboe Volatility Index, commonly known as the "VIX". VIX futures contracts can be expected to perform very differently from the VIX and as such the ETF can be expected to perform very differently from the VIX (on a daily basis and over time). VIXY rolls its exposure by selling futures that are close to expiring and buying more expensive ones further out. Otherwise, it is dropping overtime but overall tracks the daily movements of the VIX. VIXY is likely for people that want to trade the VIX, but not trade options. It might be taxed at 60/40 as well but I'm not certain. It sounds like you are planning to trade the ranges of the VIX, but be aware of how VIX options work. They don't move as much as you'd expect because they are based on futures and not the immediate value. Otherwise, you are trading the expectation of the price on your expiration date and not what the current value is so the movements aren't as dramatic as normal options.

Delicious_Put_5857

i ignored a VIXY K1 they sent late af

AaronTheDakotan

It's my hedge against a market collapse. This includes call options that expire either end of year or a few years away. This includes SVXY, UVXY, VIXY, and UVIX to name a few.

Zoo12345678

!banbet $VIXY $35 3W

Zoo12345678

Fuck it. Put a couple thousand on VIXY calls even though nothing ever happens and the market is completely fake and gay now

seh0872

Exasperating. Hard to be disciplined through all of this if your an active trader. You want to just sell out and hold cash and then get distressed that your missing the buy back in point for the rally. You try to buy XLE and watch it offset your losses, only to fall 2 days later. I tried this game when Trump issued the tariffs last year ... expecting the market to be choppy through it, I bough VIXY...and paid the price. Panicked and sold it before it fell further. Next day, it skyrocketed. And then crashed. And then skyrocketed. Last time I play with hedges. Forget politics. This president has no f-ing clue how his words matter. Its like living inside a freaking tornado.

theplushpairing

> How do you trade chaos? UVXY, VIXY, VIXM

Snow_Shaman

!Banbet VIXY $38 1D

Snow_Shaman

!banbet VIXY 38.5 24h

Many-Acanthaceae-256

I'm using VIXY and UCO for that purpose (hedging) now

Solid-Neighborhood57

VIXY is the play this week. Obviously on an interim basis. Gotta play the volatility

hermeskino715

And VIXY already gapped fill...and it didn't even reach premarket hours Either circuit breakers or huge V tomorrow. No inbetween

TheAncient1sAnd0s

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.

PhilDesenex

The only thing I'm long is VIXY. I've gone liquid in preparation for the breakdown. I'd rather get 4% in MM, than have to worry about what's coming next.

AdamGSMA

I’ve bought and sold VIXY in my retirement account. Wouldn’t day trade in a taxable account unless I had a capital loss to counter it.

The_Albertino

VIXY, UVXY, but they are different length VIX tracking. VVIX is the one day I think

no_simpsons

my hedges of choice: VIXY, KMLM, GLD, IEI.

x7_omega

UCO calls, UGL calls, SQQQ calls, VIXY calls. Calls. :)

no_simpsons

So bummed, I’m holding VIXY, so whatever, but from a humanitarian standpoint, this sucks.

InitiativeKooky818

VIXY an easy hold this weekend

RandyTomfoolery

VIXY up 4% and my calls only up 3%

RandyTomfoolery

If VIXY could go up another 5% that would be great.

Physical_Mechanic206

You can break that rule if you play your cards like CITADEL and add hedging factor into your wheel strategy.. markets crash bonds increase.. so what does that mean? Cut your profit target 30% hedging it with TLT, VIXY,SH on the down side along with your favored stocks/ETFs on the upper side.

inigomonto

Just buy VIXY. Same result with better liquidity and spreads.

RandyTomfoolery

VIXY and USO calls, OTM, 2 weeks out

RandyTomfoolery

VIXY and USO calls, OTM, 2 weeks out

Out_Phishing

What's the deal with VIXY, that shit gna spike when the bombs fall or nah

no_simpsons

yes. AI helped me replicate the Bridgewater and AQR strategies- Risk weighting with volatility based targeting model in Excel. I rebalance every day. The weirdest thing is that I ran VIXY through the position sizing engine for the orthogonality and it appears to have dropped the CAGR from -99% to -1% over a 5 year back test. I was perfectly happy having a left tail hedge for essentially free, but then I decided to test /VX instead and the results were insanely good. It ended up being even more profitable than QQQ over the backtest period. Had a MAR ratio of around 150% while being long Vol!!! I designed it using CoPilot and showed it to Claude and it responded with "holy shit" and both models independently of each other told me I could write and academic paper about it. kind of weird. I'm running it live now and my P/L ties out exactly to the projected model in excel every day... kind of hard to say if it's "profitable" yet given the volatility over the last week, but I mean, I'm tracking the model every day and the backtest at least is very strong.

EclipseKing

Will VIX/UVIX/VIXY ever spike big? After liberation day theyre allergic to any movement 

CardiologistLarge523

that's not the vix. it's a proshares VIX exchange traded note or fund (ETN/ETF) that seeks to match the performance of the short term vix futures index and the ticker for this instrument is VIXY but it is not the same as the VIX index. The vix index is one thing, then there are vix futures, and then VIXY is a managed fund that trades a collection of volatility instruments and I assume treasuries and other things to generate a return in line with its benchmark index. you really gotta be careful man. if you have specific questions feel free to ask but if youre looking for a rubber stamp on a "strategy" that has put more regards in the dirt than I could count then im not the one who is gonna be the seal of approval for this decision. you're better off forgetting you "saw something' and sticking to regular stocks. If you see this as some sort of challenge and dont take the advice, least you can do is read the prospectus for the shit youre about to trade and actually understand how it works before it works you instead.

Negative_Win_5117

Congratulations VIXY call holders.

PoliticsIsDepressing

VIXY might get interesting…

pmotiveforce

Are these FUCKING VIXY/UVIX calls I have stacked up like some hoarder finally going to move tomorrow? Christ enough with that shit being hammered down all the time.

PersonaTerre

VIXY baby!!

pmotiveforce

Yeah, I'm already riding a bunch of UVIX/VIXY calls so I'm hoping that shit takes off too

UnhappyAd9808

I'll have what he's having with a side of Feb VIXY calls.

pmotiveforce

I will never not buy 3 week dated calls on UVIX/VIXY when VIX is this retardedly low.

tpurves

Just stay calm. Short TSLA. Short long bonds. Buy VIXY. Buy SPY and QQQ again after the next 20% correction. EZPZ

RoverV

Every morning I buy VIXY so I have at least one green boy in my group

ButterRollercoaster

VIXY, but time decay is built in.

pmotiveforce

What kind of dolt isn't loading up on VIXY/UVIX calls and shares right now? Holy shit, free money.

pmotiveforce

How does one get so retarded as to not buy VIXY calls dated 1-2 months out right now?

1UpUrBum

He is selling long vol. Look up the price of VIXY (US ETF) over the years and that's what he is selling you. I'll save you trouble it started at 1 000 000 now it's at 35.

pmotiveforce

Feeling good, loaded up on more SPY puts for next week, got some rgti puts, and some VIXY calls.

DesignerSea494

Hedging this rally. KMLM, CAOS, VIXY.

big_deal

You can’t buy VIX index. You can only buy VIX futures and other products built on the futures or options on the futures. The futures have term structure that is generally in contango meaning they lose value as you approach expiration. This is why long VIX futures and funds (eg VIXY) constantly loses value over the long term even though average VIX level is relatively constant.

Got_Engineers

It’s just an option’s contract, calls and puts. There is a VX1 and VX2 and both are the 1 month and 2 month front dated VIX contracts that roll over. There is also volatility ETFs in UVIX, UVXY and VIXY that are different dated versions of VX1. you can be long and short volatility, just like a stock.

Purple_Calico

I've been buy & selling VIXY shares, getting pretty lucky with timing. My initial position was 200 shares at 31.80, sold at 33.80, re-entered with 100 shares at 32.20, current price is 35.48.

jblackwb

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.

DesignerSea494

I’m going so hard into VIXY tomorrow you’d think I’m a damned furry.

DesignerSea494

Told my wife I’m going to do some VIXY hedging tomorrow. She said that sounds gross. I said, “It’s not gross, it’s a market strategy when you anticipate near-term volatility. Gross would be, ‘Vixey Edging.’ And I’m doing that tonight.”

DesignerSea494

If it drops hard I might do a little VIXY hedging.

AccountOfMyAncestors

My VIXY hedge is +60%, do I sell yet?

eiloop

this looks very tipy top, tippy tippy TOP! VIXY VIX IS BY BYE

DesignerSea494

If you’re under 40: 50% UPRO, 20% GLD, 20% KMLM, 10% VIXY. Do that and chill.

DesignerSea494

I’m just gonna quietly set an alert for a VIXY spike to $50…

DesignerSea494

Wow, look at VIXY run.

advanceman

JNUG right before it fundamentally broke, BTC right before it went from 60 to 20, most recently SVIX right before tariffs. Needless to say they’re all back and I sold at the bottom. Currently riding VIXY into the ground.

Grouchy_Value7852

M WEN, CAG and VIXY positions are in this photo!

ThetaHedge

I don’t play VIX options directly (they decay fast), but I sometimes look at the ETNs around it (UVIX, VIXY, SVIX) for premium selling. As of 09/25, **30DTE/30Δ returns** look like this: * **UVIX (IV30 \~154):** Put ≈ **10.66%**, Call ≈ **8.84%** (3-mo avg: Put 8.21%, Call 7.41%) * **VIXY (IV30 \~70):** Put ≈ **1.98%**, Call ≈ **3.35%** (3-mo avg: Put 3.57%, Call 4.06%) * **SVIX (IV30 \~63):** Put ≈ **7.37%**, Call ≈ **7.99%** (3-mo avg: Put 4.32%, Call 3.03%) UVIX has huge premiums (and risk), VIXY is thinner/steadier, SVIX is interesting if you want to fade vol. I’d size small since vol products can rip hard.

HatNo9667

you could buy VIXY instead; it's up even thought the market it up

2WO-RIP

Same - I’m short the market and in UVXY and VIXY.

Waikiki_Jay

667 Calls on SPY, 36 Calls on VIXY, either way I have to make money, right guys?

CatalystOfChaos

Wanted to buy more VIXY calls right before close but some clowns were trying to sell them for $1.30 and, of course, no one buying. Staring at my phone seeing "last trade 0.50" and these clowns trying to capitalize on fear by doing $1.50, 1.30, 1.00, 0.80, selling nothing.

CatalystOfChaos

Margin maintenance is lower on VIXY and I'm regarded

d33p7r0ubl3

Why VIXY over other ETFs?

CatalystOfChaos

Picked up VIXY calls as hedges, waiting to see if anything else catches my eye.

oLucky1

VIXY December calls free monies

oLucky1

VIXY calls

Mountain-Detail-8213

I’m keeping UPS, BMY & VIXY as an anchor and staying liquid

tth2000

Do VIXY Jan 2027 $50 calls next.

FFF_in_WY

I'm heavy on VIXY, probably gonna buy more. It probably won't print because the mega rich have immunized the market against losses, but still. The more retarded the market, the larger my insurance policy.

desperate-pleasures

VIXY calls you say?

severed01

VIX is dead, VIXY calls it is. Sufficiently low for something retarded to happen the next few months.

mdh1119

Made the Clutch Move of buying VIXY at 11:16 AM

mdh1119

You can't get better than OTM 0-2DTEs (lotto), VIXY ATM calls or a SOXL straddle. Powell's address begins at 7 AM.

FFF_in_WY

I bout a fat slab of VIXY right after the second coming of King Dumbfuck started getting real about 6 months ago. Portfolio insurance. Let it all burn.

nyse25

Do VIX ETN's count? You can trade some of them like VXX but not VIXY even though they derive from the same instrument , /VX30.

db_deuce

VIXY will do well in a downturn and will offset the risk without a tax impact.

mdh1119

I mean, you can buy VIX puts or short VIXY, both which I've done when the VIX is definitely, uh, way the hell higher than $15 These bots really do just spit out stuff without conceptual accuracy.

mdh1119

I've been building a long position on VIXY at these low levels, I expect it to jump again and beat any value loss from the contango.