It's crazy that you can't trade the VIX directly, but you can
trade the inverse of the VIX, so short SVIX if you want to go long
VIX when VIX is as low as it gets, around 12ish. That
looks like a way to print money....or am I seeing it wrong?
I don't like paying for premium, and not informed enough to sell
options, but like the idea of selling some type of spreads where
you can be wrong on direction and still make money.
I am a big fan of bull/bear credit spreads and use them
exclusively. A small $ needed since you are taking in a credit as
part of the strat. But you need to pick a direction using your T.A.
You need to know direction. Not sure there is ANY option strategy
in which you get paid even if you are wrong. However, with
multi-leg strategies, like mine or butterflies etc you can adjust
the position if it goes against you.
Very simply, I was looking for a VIX smash and thus went long
SVIX which moves up when VIX gets hit - more of a swing trade for
me but will scale up or down along the way
I bought some on the
Took a minor position long on SVIX,Steve, were would you ...
Posted by steve on 26th of Jul 2024 at 11:23 am
I bought some on the open - no set stops for me will scale upon any weakness
Took partials in 42.90s (gains)
Posted by steve on 26th of Jul 2024 at 11:43 am
Took partials in 42.90s (gains) - big position so managing accordingly
It's crazy that you can't
Posted by steveo on 26th of Jul 2024 at 11:50 am
It's crazy that you can't trade the VIX directly, but you can trade the inverse of the VIX, so short SVIX if you want to go long VIX when VIX is as low as it gets, around 12ish. That looks like a way to print money....or am I seeing it wrong?
It's a futures product. I
Posted by DigiNomad on 26th of Jul 2024 at 11:56 am
It's a futures product. I think of them as a derivative of a derivative. You can trade VIX options also.
I don't like paying for
Posted by steveo on 26th of Jul 2024 at 12:01 pm
I don't like paying for premium, and not informed enough to sell options, but like the idea of selling some type of spreads where you can be wrong on direction and still make money.
I am a big fan
Posted by brophy on 26th of Jul 2024 at 12:35 pm
I am a big fan of bull/bear credit spreads and use them exclusively. A small $ needed since you are taking in a credit as part of the strat. But you need to pick a direction using your T.A. You need to know direction. Not sure there is ANY option strategy in which you get paid even if you are wrong. However, with multi-leg strategies, like mine or butterflies etc you can adjust the position if it goes against you.
Iron condor - whether you're
Posted by DigiNomad on 26th of Jul 2024 at 01:53 pm
Iron condor - whether you're bullish or bearish on direction, you can win being wong.
Iron Condor - as long
Posted by brophy on 26th of Jul 2024 at 05:09 pm
Iron Condor - as long as you adjust it, when needed, can avoid major losses, as I have said.
It's a defined risk trade,
Posted by DigiNomad on 26th of Jul 2024 at 06:38 pm
It's a defined risk trade, so you don't necessarily need to adjust it. I often do...with mixed results.
It's a VERY popular trade.
Posted by DigiNomad on 26th of Jul 2024 at 12:04 pm
It's a VERY popular trade. Someday it could cause systemic risk...it's that popular.
Very simply, I was looking
Posted by steve on 26th of Jul 2024 at 11:54 am
Very simply, I was looking for a VIX smash and thus went long SVIX which moves up when VIX gets hit - more of a swing trade for me but will scale up or down along the way
If that peak between the
Posted by steveo on 26th of Jul 2024 at 11:56 am
If that peak between the double bottom is exceeded, then SVIX should rocket up. Any big option events tomorrow?
I mean the double bottom
Posted by steveo on 26th of Jul 2024 at 11:56 am
I mean the double bottom on SPY
do you set alarms, or
Posted by steveo on 26th of Jul 2024 at 11:25 am
do you set alarms, or do you just have like 10 monitors? LOL