After all of my market speculation I came to a conclusion. BUY VIX PUTS. Reason being, I believe that once they announce the passage of the increased debt ceiling, the market will rally big. FYI: they are supposed to release the decision on or before July 22nd. The VIX will be standing their absolutely shell shocked, and it will drop, lower and lower and lower. I bought the August 17' 11 - $15 Puts. I don't call the VIX the fear index, but rather the fearless index. You can call me stupid all you want, but I encourage everyone to embrace their ignorant comments until we see what happens. All knowledgeable comments are more than welcome!
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
I bought VIX puts, come take a look!!!!!!!
- Thread starter klurby
- Start date
Quote from klurby:
So what should I do then sell them back to close? How do you figure they are tied to the futures? what is the ticker for the future?
Take a look at the Aug 18 call and put. They're miraculously priced a nickel or so apart. You don't need to look at the futures... but they're 18.05 settle.
Quote from klurby:
Unless you think we will go down 4 points within 2 months!?!?!?!
The 3 handles over cash does not persist until expiration, but that doesn't mean that the futures will drop 3 by Aug expiration. You're trading a complex instrument. Next time go ITM on a long put spread.