Barclays iPath Series B S&P 500 VIX Short-Term Futures
$-0.43 (-1.77%) Today
52 Week High
52 Week Low
7 Days Mentions
Originally tried buying Vix calls to hedge 25% long baggies. Terrible idea vegaseller. But with IV at 200%, makes more sense selling them. If you don’t have margin can long stock similar derivatives such as VXX or UVXY. (Vix has options but no stock. Go figure.) Holding at least until Spy tests 400.
Switched back into some calls. Made good money on T puts, made dinner money off WISH puts, was dumb with my VXX calls but overall solid day. Time to ride this back to green tomorrow then maybe back to puts for Friday depending. GL fellas.
Believe it or not, I actually don't have any green right now. I dumped for a loss at the end of the big rally yesterday because of something I saw in a Blb terminal chat. This isn't to say I wouldn't still suck Jensen's dick, but I had a good idea today was going to be ugly for it, and some Travelcenters of America told me, rightly or wrongly, that it's likely to touch 200 (I believe it's so wrong it's criminal, but I don't control Mr. Market). Given that I took an L on it this time, I'm going to be pelvis deep into it the moment I sense a reversal, probably with Junes in the 220 range. Market of fact, I'm naming it Junesen right now. To answer your question, the Matterhorn, the VXX, the UVXY, and the 🥭 are where I'm finding safe harbor in a broken market
Made an absolute killing in 2020 buying and selling the VXX. Last year was a different story….kept buying as it kept going down and at end of year needed losses to offset gains so sold most at deep loss. Jumped back in on the VIXY last week and have been making money on it so far.
I'm thinking 0dte IWM or SPY calls with a few VXX 3dte puts (last month FOMC VXX tanked >10% in 10 minutes) and the rest of my folio will go into TQQQ shares if there is a pop and my calls don't evaporate. All depends on the morning price action and how the market feels. Either way I told myself I'm dumping 5% into some kind of calls right before 2pm as a true gamble and letting them ride
That’s good that you understand. Glad to hear you profited as well this week. I pulled money out of my options and rolled into VXX tomorrow. The volatility has been a lot and after yesterday I don’t wanna be caught holding puts too long. I do have one DEEP otm put, but I also hedged that with a call. I’m gonna be able to sleep tonight while also having the option to capitalize if tomorrow crashes/sells off
It's complicated but the premiums on VXX options for example are based on shorter terms than the volatility that derives the actual price of VXX. It's not that the volatility premiums doesn't exist on VXX, but because of the way it's calculated the implied movement of the derivative is much more likely to be exceeded. It's not a free win or anything, but if you're looking for large gains in short periods, it's going to consistently perform better on days like these than betting on SPY options for example. If you think SPY is going to have a huge swing up in a short time, you should buy puts on VXX instead of calls on SPY.