The August 12 VIX calls are selling for 2.65, while the 12 puts
are essentially worthless. Breakeven on the calls is over 22% up in
33 days. While the VIX has fallen significantly since the market
lows, vol on vol remains quite high. Don't see a VIX option play
here; have to use alternatives.
maybe but also review my video how these bottoming moves can
move strongly higher without much of a pullback, i.e. three
white soldiers pattern. Also even Fib Queen's article there,
she said much over 2115 and the SPX could be set to go to her next
extensions at 2160 to 2190
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VIX at 12 again
Possible Long volatility/Short RUT trade today
Posted by praetor54 on 16th of Jul 2015 at 03:23 pm
The VIX is down around 12 where it bottomed May 26th and June 24th. Looks like a good spot to take a quick VXX or HVU trade.
Thanks sbaxman
The August 12 VIX calls
Posted by a_l_ on 16th of Jul 2015 at 03:31 pm
The August 12 VIX calls are selling for 2.65, while the 12 puts are essentially worthless. Breakeven on the calls is over 22% up in 33 days. While the VIX has fallen significantly since the market lows, vol on vol remains quite high. Don't see a VIX option play here; have to use alternatives.
Thinking about selling AUG UVXY
Posted by a_l_ on 16th of Jul 2015 at 03:35 pm
Thinking about selling AUG UVXY 23-22 put spreads and buying 12 VIX puts.
Did that small for .25
Posted by a_l_ on 16th of Jul 2015 at 03:38 pm
Did that small for .25 net credit
maybe but also review my
Posted by matt on 16th of Jul 2015 at 03:30 pm
maybe but also review my video how these bottoming moves can move strongly higher without much of a pullback, i.e. three white soldiers pattern. Also even Fib Queen's article there, she said much over 2115 and the SPX could be set to go to her next extensions at 2160 to 2190