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bjw: Here is a link with some discussion on the characteristics and construction of a BSH (Black Swan Hedge) that may be interesting. ""

You have probably already considered this, but if your trade is working well enough and merely want to save your shirt if a huge drop occurs, you could consider selling a PUT credit spread with the long strike at say 3-10 delta, then still trade like you are currently doing. This takes some off...

BTW: I have no personal experience with this, but have similar interest. This looks easier than it probably is as noted by Martinghoul above. Below is a plot of this position, as well as an alternative moved down to only address > 20% drop per your original post. Take this with a grain of...

Something similar to the following seems promising. Picking the correct strikes and DTE as well as exiting in a timely fashion is needed. This is addressed by TheoTrade.

Answer: For TOS, cat the following "/VX".nn.m.Y, where nn is the week of interest, m is the Month code (G ... Z), Y is last digit of year. They typically are available only about 2 months out, kinda like the weekly options on RUT & SPX. a sample TOS Chart below: and the trade tab: Thnx to...

Oh crap! nevermind. I see they have a darn filter turned on. Thx

Can you please post a screen shot of what you see? I only get "/VXU6" as stated above. Note: I do not trade futures, so very possible I am not holding my mouth correctly for trying to observe the Weekly VX futures.

gkishot: R U joking? That produces only the Monthly futures (/VXGn->/VXZn). The question is related to those weekly references. Below is a screen shot of the /VX reference. If I am doing something wrong, please point it out. Applying to the "Trade" tab results only in the current front...

Your Broker, should be your first source, as typically that is free. Fee based subscriptions are also available. There are probably others.

gkishot: Thnx, but I figured that out, but am unable to locate what that is based on. Is that code actually a tradable entity, and if so, what is the TOS symbol? Is there any detailed description for that? (AKA: How do I find weekly VIX futures?) Pardon if this is a greenhorn question.

The above is from the CBOE, but unable to find detail on what precisely the yellow highlighted references mean. Or better, point me to where this is explained! So far my questions to Mr. Google, have not produced enlightening responses.

TOS has some capabilities for writing your own scripts and setting alerts that may be adequate for your purposes. It is free, with an account.

IMHO: This is a complicated business. Anytime, you "think" you have studied enough, and understand well enough, there is "another bear behind another tree" you have failed to consider. Regarding responses you receive that are "abrasive" ... try to have a thick skin, and consider that just...

Not to side-track you, but if you are looking for a possible Yellin spike, you may compare the your Debit Spread expectations on both products to a simple long entry in UVXY for a short term "bullish" play. Not an apples to apples comparison, but may be simpler and less risk and slippage. This...

Can you elaborate on your goal? (some specifics) You are trying to profit from expected (or probable) "...." move in "xxx" in next Y days. By spread, do you mean vertical spread? Likely you are interested in trying to capitalize on a very short term directional movement or spike in VIX, if so...

It depends upon the order type. Limit, Market, etc. If the product is liquid, and your criteria is met and the market is open and trading, it should fill depending on the processing of your broker and the exchange being traded (which should be fast). -- Typically, most retail traders, will...

Interesting. This sounds like a no-cost BSH (Black Swan Hedge) I have heard a little about. However, I don't have/know the details, but the cost and structure sounds similar. -- My recollection, is that it may be a little tricky to get the BSH fully entered (perhaps in stages, to insure the...

They are NOT the same! With an unexpected event causing the underlying to drop, you are not only hit by the price change of the underlying, but the sometimes extreme increase in Volatility! Exiting with the family jewels in tact may not be possible, but with a Covered Call, the Call becomes...

I am no expert. However in the past when I sold Covered Calls against my long term position, I would wait till the underlying price approached resistance, then try working the sell. Waiting till after resistance is confirmed seems to result in lower premium (everybody knows it is going down)...

IMO: When I create some back-test, I try to insure the back-test will closely approximate a real trade. So, for the case you mention, for taking the trade to expiration, the "real trade" would be to close in the last 15 minutes before expiration, which can approximate a "cash settlement", and...