Buying Vega

T

TM1982

Any professional option traders having difficulty making money on long vega positions right now? I'm having a hell of a time.. I like to keep my vega ratio between long and short fairly balanced but my longs are killing me.
 
IV is falling everywhere I look in the physical commodity space, and has been since March-May. Everything is basically normalizing after the blow-up last year.

In a lot of cases, falling past 2008 lows.

So, I'm not sure if there's a deeper level to this question... but it sure seems like the last 4 months would be a bad time to be long vega.
 
I am currently short vega

one of my butterflies however is long vega. The long put has delta of 100 and vega of 200, unsure why...
 
I gave up being long vega a couple mths back when by DDs did F all for me, but now getting some long vega might be due.
 
Quote from TM1982:

Any professional option traders having difficulty making money on long vega positions right now? I'm having a hell of a time.. I like to keep my vega ratio between long and short fairly balanced but my longs are killing me.
More...
Why not trade VIX instead?
 
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