Yeah..figures with a little pushing and prodding we find out it was all bullshit and now "I don't want those grapes anyway!"
buying VIX calls here
- Thread starter grizzlybull
- Start date
your a fool
Your a fool because i know i am the best trader on this site hands down. Punk
"grizzlybull" was your original handle "marketsurfer"?
It's not marketsurfer.
Did you really believe you bought the VIX at 11?
Its all-time 25-year low is 8.9, and its low in the current bull market is 10.3. Doubtful it will ever fall below 8, and definitely not in the next week.
As for the OP, he'll probably blow out his paper account then come back with a new username and hot options trade.
Fyou, How About A Trading contest, PM Me, will Blow You Out Of The Water, yes I've never trading the VIX, but just got off the phone with IB, yes I am trading calls on the Index, not Futures. yes it's not my specialty, i just posted was buying when they were at 11, if I see someone I can Help I will, I see most here are not about that, they're self serving Pricks. monkecmonkdo get back home to your daddy at DRT.
Grizzly, will the folks at IB are technically correct that you are trading calls on the VIX index, when you buy March calls, they are PRICED off of the March VIX futures. So the current index price of the VIX isn't really relevant to the March calls. The March futures, as others have stated is higher than the index, so you are really buying calls based on a higher VIX than the current index price. The only guarantee is the March futures and the index will be equal on expiration morning.
This isn't to say you wont make money or the VIX isn't going up, just understand what you are buying.
This isn't to say you wont make money or the VIX isn't going up, just understand what you are buying.