Recent content by REI_Chris

V is making crude his stepchild today! Nice trades!!

Well, not exactly a capitulation breakout, but 4 year highs on the spy. Vix holding its own right here for the moment. There's nobody to take the opposing side right now, which should be a red flag...still seems a bit early with the summer coming to an end and a holiday weekend approaching...

Haven't followed your last thread so forgive me, but are these hedged or just naked? Ok with owning the stock at said levels I take it?

Exactly. I'd try to steer clear of anything that 'tracks' the vix and just look to buy volatility via spreads, maybe long naked options if you want to lay out a bit more in premium. I put a few spy dec ATM condors on in paper to see how they react to any vol spikes, but I'm not necessarily ready...

Gotcha! I didn't seriously think anyone would be shorting anything vix related here whether it was futures or an etf, but ya never know. It could have also been hypothetical to pair it with some kind of long position as I didn't know what your real intentions were. As for vxx, each time...

If I have to tell you in bold print that setting your net worth on fire is relatively a better idea than shorting the vix then you probably shouldn't have replied. Edit: reading through your old posts it seems as if you just want people to tell you what to trade.

Whether you can or not is somewhat irrelevant if you're not hedged or have a damn good reason why you'd be playing with fire like that. I'm not sure about the kind of margin you would need, but I imagine it wouldn't be cheap. Shorting the vix, at these levels, is asking for disaster. Again, I...

I think if I were to do anything right now it'd be longer dated straddles. If we breakout north we will see more people enter the market, shorts covering, and a possible gravitation to that all time spy high, in which case you're likely to make your money back on just the long call side alone...

If so, what are your strategies? Anyone loading up on insurance? I'd think you can pick some great, cheap straddles out right now, longer term, and wait for that breakout capitulation or a bump lower on serious resistance. Regardless, it seems like there's no better time to start dabbling with...

Never mind, it was late and for some reason I was reading what I wanted to. I thought you were implying a straddle for some odd reason. Either way, if the Greeks workout to your advantage (expecting the spy to be 40-50 points off from here in either direction by dec), I'd still try to capitalize...

I am biased to control one of the only things I can in a market, and that is by locking in profits.

I personally like it that far out with vol this cheap, at these levels...I find it incredibly hard to believe we won't break out hard, or fall hard at this major double top, by December for that matter. Regardless of either direction, I'd look to cover on any giant move on way or another that...

You must learn the Greeks and understand fully how options work. That price spike is uncertainy being priced in. Options prices churn and leak during sideways, dull moving markets. Volatility spikes, aka sudden moves outside a predetermined priced in 'normal' range will inflate with big moves to...

It's like a fonzie scheme.