VXX
iPath® Series B S&P 500® VIX Short-Term Futures ETN
Mentions (24Hr)
-100.00% Today
Reddit Posts
Returns on leveraged securities vs non-leveraged (UVIX vs VXX)
Best ways to profit from market crashes/downswings? Options on volatility ETP/ETF?
PROOF the Fed is manipulating the VIX
So i have this friend who thinks he has a new and winning strategy....
Long-awaited Case against beloved $VXX is finally here!
Straddle VXX option play today (quadruple/triple witching day)?
Question about Option "Market" sell orders when not enough bids.
Volatility at a five year low
I think I'm done trading options. Here are my opinions. Am I wrong? Civil conversation welcome.
Barclays bank likely behind most recent JPY/USD exchange rate rigging
Is VXX a great chance for short-squeezing?
"BULL TRAP RALLY" is coming...!!! Are you prepared for Jackson hole.
It's time to long the VIX; $VIXY supporting Thesis.
So what is it that's not priced into the market? How bad is it?
VXX Chart; People betting on Volatility soon. Are they going to block you guys from BUYing the VXX again? I already jumped in this morning, too f**ing late to block me! But if you can't buy, how will I make tendies?
Since we're just throwing around charts, isn't the VXX kinda low for how scary things should feel right now?
VXX lotto Calls but where the chances of it hitting are actually almost guaranteed?
I Dream of Bulls and Bears Frolicking: Is there a WSB Flavored Straddle We Can All Agree Tastes Great
I Dream of Bulls and Bears Frolicking: Is there a WSB Flavored Straddle/Strangle We Can All Agree Tastes Great?
VXX explosion this week, still no new issuance
VXX still broken. Shares locked, vulnerable to blow up next week
PSA: VXX will be, at some undetermined time, dropping in price to correct for Barclay's error. Advise is to not touch it. (VIXY is okay, not affected).
Press Release: Barclay's clarifies halt of share issuances for ETNs (VXX, OIL)
🥚 Yield Curve. Stagflation. Fed Rate Hikes. World War. Oil Prices. Pandemic. End of Stimulus. Evergrande. Margins. Unwinding. Rigged Markets. Fake Markets. Bubble burst. Bear Markets. 🥚
So you are telling me, I could have gotten all my $50k loss (short option play gone wrong+stupid loss avoidance) repaid by BarCap if I had just kept the VXX a little while longer? Anyone with some wrinkles that can explain this to me?
What happened to my Call Option? I am open to anything guys. It went over 3000%.
Barclays Broke $VXX | DD & Trading Opportunities
Most Overlooked Opportunity of 2022 | $VXX
VXX and VIX price imbalance ~ can someone help me out? I think it's the market recognizing that a bearish period is coming to stay
Barclay's Suspended VXX ETN Share Creation - Implications and Trades?
Help me I’m a retard when it comes to ETFs!! What is the difference between VIXY and VXX?
Barclays Suspends Until Further Notice Further Sales and Issuances of [VXX and OIL]
Step 1: Open Brokerage | Step 2: Take Money out of Losing Positions | Step 3: Invest in VXX
VXX is going to break a lot higher!! Mark my words
Stalking the Bear: VXX weakness not leading to market strength?!?!
Mentions
Right now I'm essentially short on SPY, SLV, and USO, and long on TLT and VXX Please God, let the market open the way futures are right now and I promise that I'll never touch myself again
Yes VXX call or UVXY shares. Agree and agree
Some of you aren't watching VIX futures rise along with the market and it shows. VXX
amazing how some random person online invented the best trading method: hedging bad news by shorting btc.way better than VXX.UVXY or puts.
I’m glad I bought VXX calls
I’m glad I bought VXX calls. 🚀
My VXX calls say fk you! Up we go!
VXX calls are calling my name...thots?
Tomorrow might be a good day to short VIX in some way. I'll be looking at ATM, VIX, UVXY, and VXX put spreads. But I'm sure you all think spreads are regarded. For those that must buy calls out of stubbornness, some extremely liquid SVXY leaps will do the trick
I sell cash secured puts with good success beside swing trading and being outright long AI and related theme stocks. I am not initiating any new put sells because the US government run by a mad man is spinning out of control and anything can happen. I have been trading since the late 60's and I sense this time it is really going to be different specially if trillions managed by robo tradres are getting loose at the same time. I have reduced positions, putting on VXX hedges and started putting on far out of the money bearish put spreads.
you guys should really start looking at after hours volume short quantum except CCCX vix calls: VXX short crypto: ethd & mstz long oil and nat gas stocks: VG DVN UCO short semis: SOXS buy china: KWEB MCHI CPNG
I take VIX and VXX being green the last 3 days as more suspicious.
Did someone roofie the VIX?? 14? Really, Mr VIx?? Yolo'd 10k in VXX in the overnight. At some point this dude's gonna wake up from his bender, find his wallet gone, shit smeared all over the walls, and freak out
VXX and UVXY with a complete dump We have seen the low for SPY today for a long, LONG time
honestly might be time to by VXX calls few months out volatility is lowest and will increase next month
Just boring shares in VXX and whatnot, exit on the next vol event, save powder for VIX sub 12 to be safe
Just slowly putting a few more grand into VXX/UVIX until the next vol event then back to SPY and DPXL shares on the next dip to preserve my early 2026 lead on SPY
I'm not saying to pump all your money into it right now, but boring VXX/UVIX will print to fuck at some point in Q1
VXX Barclays. I have a whopping $90 worth I can't touch anyway. It's like ronco set it anf forget it.
Just bought 1k of VXX @$29.63. It ain’t sexy but I need to hold something that’s gonna go up soon.
and the VXX you rode in on!!!!!
Ok I'll give you one thing to think about: why if you were buying SPY puts instead of VXX calls? 1/ What would be the benefit for the overall portfolio hedging? 2/ Which scenario will be cheaper from an hedging cost perspective? Good luck.
Thanks, the comments in this thread have greatly increased my understanding of VXX.
Ohh I know, I've traded vol etp's a bunch. My sarcasm comes from telling someone who doesn't seem to have the greatest idea of what the product they're wanting to trade is. Especially to do it by selling naked calls. Even benn eifert has told a story of himself getting margin called on VXX and he does this for a living. That's my gripe. It's def a trade you can make money consistently with but you gotta know somewhat what you're doing and have an understanding of what the product even is, no?
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.
>You can trade derivatives on the index to match it on short timescales. But then they expire and you need to buy new ones, generally at a different price than the ones which expired, so your returns over time will not look like a chart of VIX. Both options on VIX and the futures in VXX are such derivatives. >I’d love to know if this is a better option than VXX for hedges. That depends on what you are hedging. There's not a general answer to that question other than: if you don't already know, then you shouldn't touch any volatility derivatives.
You can buy options on a ticker labeled “dot VIX” (.VIX) on fidelity that seems to track VIX closely. I’d love to know if this is a better option than VXX for hedges. I would post a screenshot but comments section does not seem to allow.
Thank you for the reply/comment. I had been looking at the VXX chart which is quite deceptive due to all the reverse splits. The chart, like the cake in Portal, is a lie :-)
No shit. Lol Derivative of a derivative of a derivative of a derivative… of a derivative? VXX is my favorite example of how in the weeds you can get with securities.
Lmao the VXX description sounds like financial inception - derivatives of derivatives of derivatives until nobody knows what tf they're actually buying anymore The fact that people are trading options on a product that tracks futures of an index based on options is peak 2020s investing energy
Congrats on that trade, impressive. I'll look into Krishnan's book. I don't really feel sophisticated enough to trade options (ATM). I do like the idea of making small bets with large returns. Even if you lose $ on most, the wins dwarf the losses. I think it was Taleb's *Fooled by Randomness* that first planned that seed in me. VXX might not be a good move, I figure if I missed the timing, at some point volatility would be high enough to produce a profit. Thank you for your comment/reply.
Thank you for the information. I don't expect VXX to be a long term investment but a way to make a small bet with a large return ***if*** there is a market panic (fear response). If fear wins the battle and we see large movements the contracts held can become quite valuable. It moves very quick and should I do this I would put in autos to sell at preselected point(s). If I could accurately predict the VIX, I'd be very quiet and very rich :-) Still it seems like everyone is both expecting a crash and betting against it at the same time. Seems like when something happens it could cause a big reaction.
Do you know how VXX works, what it holds, market IV levels, how fast theta decays? First of all, VXX is not a measure of current market vol, but what people expect vol to be 30 days from now, because VXX targets a constant duration 30-day VIX. Can you answer what is the current 30-day VIX? The spot VIX is 15.78. The constant duration 30-day VIX is derived from time-weighted front month and 2 month VIX futures. Currently it is 40-60 Dec-Jan VIX. If you calculate a weighted average of this, the 30-day VIX is 18.66. How does this change every day? Since VXX targets a constant duration of 1 month, every day it will sell front month VIX futures to buy second month, or sell Dec VIX to buy Jan, until it holds all Jan by the time Dec futures expire. Then it will do the same and buy Feb. However, because it is selling Dec to buy Jan, the weighted average changes every day without a change in the value of VXX. Selling one contract to buy another does not change the overall NAV. What this does is 30-day VIX can increase without VXX increasing in value. This turns out to result in a "decay" of 10.6% per month as long as the current structure, where Dec is lower than Jan, is sustained. So to bet on a "market fear," what is your target spot VIX, what is your target 30-day VIX, why do you think currently an 18.66 level is too low? How long are you willing to wait, understanding that in 1 1/2 weeks, the 30-day VIX will be over 19 without a change in the value of VXX, basically resulting in a 10% decay per month? If you can answer these questions, then you can start making an informed trade.
Often if the market sees a strong drop the VIX will see a spike. Easier to hold through a 30% drop, if I have a hedge that shows me a 100% gain. Small bet on VXX which will show a large gain if there is a market panic.
You could buy the VXX now. The drop will arrive most likely 8-11th and could be similar to April - but no guarantees of course
Exactly. The boring SPY/VTI stuff still holds like 80% of the assets for a reason. VXX is wild when you think about it. derivatives of derivatives of derivatives. No wonder people blow up their accounts on that thing.
The vanilla, passive index ETFs are still there, and from their AUMs that's still where the major ETF money is. > If people are willing to pay for products, companies will provide them My favorite in that Byzantian way is VXX, actually an ETN, that replicates the returns of short-term VIX futures. So synthetic returns based on short-term futures of an index (VIX) that itself is based on short-term options on another index (SPX). And then VXX has an options chain.
The S&P 500 is overvalued by approximately 1.17 percent as measured by SPY and the percent variance that the VIX (VXX), Commodities (USCI), and high yield bonds (HYG) has put on SPY over approximately the past two months. Below is the chart at the market close on 12/2/2025. https://preview.redd.it/haucpylgyv4g1.jpeg?width=736&format=pjpg&auto=webp&s=dcdfb7a99c2e8c27594434f8a7c43ea25e5e17cf
Short UVIX or UVIX puts, roll decay is insane, it's double VXX so you have that working for you, if for any reason you need be long VIX - ITM VIX calls, never long VIX ETF's, the roll decay crushes gains.
Bought 15k VXX on Friday close and wish I bought more 😪
The S&P 500 is overvalued by approximately 1.45 percent as measured by SPY and the percent variance that the VIX (VXX), Commodities (USCI), and high yield bonds (HYG) has put on SPY over the past two months. Below is the chart. However, there is typically an end of month rally that plays out early into the following month so this overvaluation could continue for a day or two. https://preview.redd.it/nsn9mq67ph4g1.jpeg?width=833&format=pjpg&auto=webp&s=fd139dc0ea8d7b1cfdb602bba97a9c2c41bc4a05
The following short video contains two months of correlations of non-equity ETFs and their relationships with the S&P 500 (SPY) and concludes with the regression formula for using the VIX (VXX) to predict SPY: [https://www.youtube.com/watch?v=0RUCHf5o1\_Q](https://www.youtube.com/watch?v=0RUCHf5o1_Q)
Today is a great day for exit liquidity on your long stocks and buying VXX for next week
Keep in mind that if you are in the US (and some other places) you are working in dollars. It's almost guaranteed at this point that the dollar will continue to fall against a number of other currencies. Debt is too high and too uncontrolled. This also all but guarantees rather painful inflation. Real assets (real estate, stocks, etc) tend to index with inflation. This can make is seem like stocks are doing better than they actually are. I'm a pessimist my nature and have to fight that tendency. If you have a large position in a one or more stocks you can protect the downside using options, or hedge against a major market meltdown with a small position in something like VXX. Current, US policies have certainly been a major boost to markets outside the US, while adding significant economic drag inside the US. This could certainly lead to boons in foreign exchanges. However, the US stock exchange is the largest collection of international companies. I'm not a big fan of crypto because of it's volatility. However, if you play volatility right you can make a lot of $. precious metals are a similar hedge against fiat currencies with less volatility but they tend to move with the stock market. I tend to try to keep a toe in every pond and hope for the best. The higher the risk the smaller the investment. But I'm on the conservative side.
Looking like I perfectly timed those VXX calls, how exotic
Hello here’s a 4-week trading plan that actually works and won’t get you expelled from class or bankrupt — with just enough quantum energy to impress your professor and maybe summon Schrödinger. ⸻ 1. Allocate your $100k like an adult (but with vibes): • $50k → normal human stocks (momentum longs) • $20k → QQQ/VTI so your portfolio doesn’t explode • $15k → shorts, because your professor wants to see you suffer • $10k → Daily DCA into a quantum ETF (QBIT/QTUM/WTAI) to make it look like you “believe in the future” • $5k → VXX, aka the panic button Congratulations, you now look like someone who reads financial papers and not just memes. ⸻ 2. The long strategy (aka “please go up I have homework”): Buy strong stocks that everyone else is buying: AAPL, NVDA, MSFT, META, etc. Hold 3–5 days. Sell when you’re up +4 to +8%, or when your soul tells you to. ⸻ 3. The short strategy (because your professor hates you): Short weak stocks only when they bounce. Hold 2–4 days. Cover before you start sweating. ⸻ 4. The quantum DCA (your daily attendance mark): Buy $400 per day of a quantum/AI ETF. This gives you: • automatic transactions, • automatic participation, • and automatic bragging rights: “I invest in quantum computing.” (Not even your professor knows what that means.) ⸻ 5. The VXX strategy (the spice): When volatility is low, buy a little VXX. When volatility spikes, sell it and pretend you planned it. Your classmates will think you understand macroeconomics. ⸻ 6. Weekly routine (easy mode): Monday: rotate longs + shorts like a responsible trader. Tue–Thu: take profits, pretend it was skill. Friday: cut risk so your weekend isn’t ruined. Every day: quantum DCA because quantum particles don’t rest. ⸻ 7. Risk rules (so you don’t fail the assignment): • Max loss: –4% • Max drama: zero • VXX position: small, like your trust in the market • Shorts: quick in, quick out, like your motivation ⸻ Final result: You get: • transactions ✔️ • short sales ✔️ • weekly performance ✔️ • quantum swagger ✔️ • no day-trading crimes ✔️ • no account blow-up ✔️ Your professor will think you’re a genius. In reality, you’re just disciplined and slightly unhinged. Which is… basically trading. ⸻
VXX motorboating SPY’s titties right now.
It’s been 2 hours and SPY has moved like $0.50 but VXX has moved close to a dollar. Whats up?
A friend of mine was long the CS VXX VIX etf and lost 80k overnight
there is not a good answer for your question. Short volatility is a well known risk premia. When everybody is short and something happens they all blow up. Look at what happened with Credit Suisse with the VXX / XIV complex. The etf got liquidated. I will heavily short vol when i identify patterns of stress in the market: i usually wait for a double bottom to sell vol
Fuck it I’m all in on $40 VXX March 20 calls
Remember that random day a couple years back when VXX spiked from like 28 to 40 cuz some regard at Barclays missed a decimal point in their share allocation? Good times
I was in SVXY that day, back in Aug 2024, I had to nix the short side of a VXX call diagonal to match the drop and came out green. Heck, I started trading XIV when it first came out in 2011, one of the first things I learned was the 80% rule in it's prospectus, kept it hedged at all times.
VXX at 40 kinda hot
Bought VXX puts. Nothing ever happens
Super pissed off I can’t add more funds because of the bank holiday. I see SLV and VXX and I cry. Hopefully still some opportunities on Tuesday when the funds clear but I’m going to miss out on like an extra 150 bucks when it all clears green on Monday. Only my positions from Friday are useable.
VXX is gonna drop faster than your wifes panties
Are you waiting for the bubble to pop? If you are invested in the bubble are you going to sell at the bottom to buy something else? Are you out of the market waiting for a sale? If you expect a crash you can buy options or something like VXX to hedge against a crash. If you are trying to avoid drama you can invest in non-tech indexes (energy, utilities, REIT, etc.). We are heading toward high inflation with low bond returns (i.e. real loss from fiat currency instruments). USD is going to lose value quickly during the next few years, at least. There is a reason gold is on a tear. My guess is that China will come out of this the best, they make almost everything the world needs. However, investing in China has it's own issues. Who knows maybe AI will save the world, but things don't usually work that way. Wealth consolidation in the hands of a smaller and smaller group of unwise people never leads to long term stability. The real question is how will the instability be manifest. Just remember, Keynes said "Markets can remain irrational longer than you can remain solvent". Market could run fire hot for years more. Keep in mind that more and more stock wealth is concentrated into a smaller and smaller pool of very wealth "true believers". Those numbers you see aren't what a stock is really worth. They are what somebody last bought it for. The value of a stock is only what someone else is willing to pay when you sell it. True believers will pay any price not to miss out on the future. When their faith breaks or is shaken they will accept almost any price to escape their lost dream.
Not a big player but an old one. LOL. I always have a blended stock, long/short option exposure. I pay close attention to trades that look like won't work out and neutralize them but in general I load up on VXX (as I did in the past few weeks) to hedge the overall position to some degree. VXX is great, it is not a futures with short expiration or an option with rapid decay and the management fee is trivial compared to it's moves. On any up swing my hi Beta stocks jump and outperform the loss on the VXX. I trim the stock positions or hedge at extremes of the vol bands so on a down swing I am less long and re load same or other symbols that give better entry signals. On low priced active stocks I like to sell OM calls and puts beside being long the stock and manage them. Keeps me on my toes but helps me to have a feel for momentum. Some days I ease up when pnl is too good to be true. On Friday my accounts were marginally up and I have added to a few stocks that outperformed. In my experience stocks that stay steady in chaotic conditions will lead on any recovery move.
VXX and SQQQ hedge calls printed $$, always hedge guys
Short NASDAQ by shorting TQQQ and shorting SQQQ as a hedge. Long VXX and also short VXX as a hedge. Long XLF by shorting FAZ Long TLT by being long TMF Neutral semis by being short SOXS and also short SOXL at the same exposures.
Put about 15k on SPY 665p 1/16/26 and VXX 35c 1/16/26, I just got a feeling.
Stop trading when VIX is about 40 is generally a good rule of thumb. Before you stop, your last trade should be buying a lot of stock. It usually is a (very) profitable trade give it 6 months, especially if nothing was fundamentally broken in the market place but the shock has a path to resolution and the economy not in complete shumbles. If you really have to trade at that moment sell long dated calendar spread (3m/6m or 3m/1y or 6m/1y). But the best trades at that moment were not necessarily the most intuitives: selling puts or generally 20 delta strangle in VIX/VXX was pretty profitable. Vol of vol is also mean reverting and had to go down give it enough time (3m).
VXX and SQQQ calls as insurance
What black swan insurance are you buying? I was looking at VXX calls today, but not sure what strike and date to get.
Long Dollar/Yen Short Euro/Dollar Long VXX Short TQQQ and short SQQQ,: Net short NASDAQ with SQQQ short as a hedge. Short SOXS and short SOXL: Net neutral position on semis. Short FAZ
Covered calls on VXX, I like to think it makes me a less retarded bear.
For the past several weeks I’ve just been buying at-the-money calls in precious metal and bond ETFs with 2026 expirations and rolling them up when I’m above 50% profit. Up 64% YTD. I’m tempted by GDX, IBIT, and TQQQ, but at lower prices. And I’m also thinking about VXX calls.
Reddest day in months and VXX +.55
Yeah man, don't fuck with the vix...UVXY, VXX..just fucking scams
You’re asking two opposite things at once: fastest and safest. In markets those don’t usually overlap. 30% OTM calls after a pullback are lotto tickets. You need a moonshot move and you’re fighting decay. Shorting VXX calls when VIX is high sounds good, but timing mean reversion is brutal and you can get blown out if vol spikes again. You need some hedge on that position. LEAPS or staged call buying is fine as directional bets, but that’s not a safe double. That’s just leverage with a time cushion. In fact, you can still lose quite a bit depending on the path: the stock can go up but if IV was really high, that will impact your pnl. Overall, buying the dip (which is what all your positions are) is not a bad strategy. You need to enhance the "safe" aspect of your strategy to make it work. I would say that a combination of selling VXX calls and buying some SPX tails can get you there. But you will still need a good view on the vol surfaces to know which call to sell and which puts to buy. Good luck.
Selling VXX calls when the vix is "high" is no where near safe.
Even VXX was green today
What would you buy as a cheap Armageddon trade, say within the Oct-Nov crashy season? I was thinking of VXX but the IV on the calls is sky high. Calls on SPXS?
Happened to me once with VXX, I was terrified because it can be super volatile. Monday morning, I bought cheap otm calls to protect on the up side. Then I covered the shares at a small loss. In hindsight, I could have waited 3 hours and made a profit. But I really hated being in an accidental position.
VXX 52 week low. Sensational!
those fucking vix futures tracking etf's are complete utter garbage...just stay away from the vix altogether....if you want to short the market, buy a market short like spxs (3x inverse leveraged S&P etf) or something like that. 3x might be a hair volatile...you can find 2x leveraged and just 1x inverse....depends on your level of risk. VXX and UVXY are just a waste of time in my opinion.
Why is VXX down if the vix is up? Can someone explain to me?
Why VXX moves sideways?
Cant read chart so i bought VXX calls
Herer we are. Chat GPT says Spy puts and VXX calls today
Chat GPT says Puts and VXX calls
SPY up, GLD up, REIT UP. Mkaes sence. But VXX up as well?. I need an autist to explain as this seems like covered cals are free money.
Someone help. I understand leveraged ETFs and shit, but what I don’t understand is what UVIX is tracking. It doesn’t give daily 2x VIX but VIX futures, but what the fuck if the ticker for VIX futures. Is VXX the closest/one of the correct VIX futures it essentially tracks.
That double tap is not really two bullets in the same chamber but turning your position into a spread. However you have to be aware of a few things starting with synthetic position 1/ Buy call + sell put = synthetic long stock. You have not doubled your upside, you have just recreated linear exposure with all the downside. 2/ Buy put + sell call = synthetic short stock. Same story. Now if you space your strike a little, you are now building a risk reversal, which in some instances, can be a very good idea. They are powerful when skew is lopsided. Think equity indices: puts trade rich (everyone hedges with them), calls trade cheap (fewer natural buyers). So if you are bullish, you can sell that juicy put premium and recycle it into a cheap call and suddenly your convexity costs almost nothing. Flip it the other way around and you can build cheap downside hedges by selling upside calls everybody wants and funding your put. And you can do that accross tickers if and only if they react to the same underlying event obviously. For instance - selling expensive VXX calls to buy "cheaper" SPY puts. That is where the “double tap” makes sense: you are not just layering trades, you are exploiting skew mispricing. If you are just doing it on a single stock without paying attention to skew, you are probably just paying spreads and adding the cruel idiosyncratic risk. On indices with persistent put skew, it is one of the cleanest ways to lever up a directional view while keeping risk/reward aligned. Good luck
I buy 65-75 delta puts on VXX about 120 days out and roll around day 75. Works quite well
Let's go back to some basics and make sure we are aligned: In contango (front IV < back IV), the short option you sold (shorter dte) tends to overstate realized volatility and decays toward reality faster than the long back option (longer dte). That carry is where the edge lies and you can think of the back as a hedge against sudden rise in vol. In backwardation (front IV > back IV), short-dated vol tends to underperform because once again, it must converge toward realized from above. Selling that is dangerous, and long calendars (yes it is confusing, but technically speaking a long calendar is long front and short back) are less attractive. That is why funds like VXX bleed in contango regimes: they constantly sell cheap stuff to buy more expensive stuff in the back. In SPY options you can be on the other side of that, clipping theta as front IV converges toward realized while your long vega still holds. So back to your question: rolling calendars is not like being long VXX in the sense that you are not condemned to structural decay. You are, however, exposed to the shape of the vol curve. If contango relaxes (front lifts, back holds), your calendar wins. If the curve flattens because front vol spikes harder than the back, your calendar loses. In your case it seems like you want to be long a calendar because you are anticipating a spike: look at the SPY term structure, and even the VIX term structure. Both of them strongly disagree with you at the moment, and structurally a long calendar (long front IV) will bleed as long as realized doesn't spike and tilt the term structure at least flat. The cleanest way to express your idea right now, would be to be long VXX (once again, that is litterally what they do: buy front month VX futures and sell the back). Open a chart of VXX right now .. it may not be a great idea. It was much better when the term structure was flat and uncertainty was all over the place. Good luck.
Easiest is buy an “ESG” fund. Calvert funds have the longest track record since the 1980s for [iirc] religious objectors but probably “active” management with their “non-vice” approach. Still Calvert are the long term players, but there’s various ESG-screen index ETFs at mostly iShares (too many to list here, but XVV, USXF, and DMXF are relatively low cost) .. but Vanguard released 2 recently. Thing with ESG is the companies have responded to them, so you get big oil companies but not a small solar company that can’t afford the HR. Another idea is direct indexing (Fidelity) where you hold the individual stocks .. screening the holdings of a top 50 (XLG) ETF or even top 100 global (ishares IOO) ETF against the top ESG large cap holdings (use VXX, USXF, DMXF). The late Jack Bogle theorized buying and holding such a DIY index could slightly beat the S&P 500 over time. Another idea is go with momentum index ETFs (Invesco’s SPMO is has the best returns) and rebalance annually. You can say you’re “selling” any problematic stocks; probably pair with something like low cost Vanguard or iShares core bonds for stability (iShares even has an ESG bond index .. basically big bank and Treasury bonds). May even be some green lending. Could combine the last 2 approaches too.
look at Lucid. I think VXX as well
Looking at the 5 year chart for VXX, it's coming down from a value 2000 to where it's at currently. It inherently depreciates a bit if the market goes sideways or up. Imagine have put LEAPs on it from 2020... what a ridiculous possible gain that would have been.