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Selling puts on SVXY
- Thread starter rocky_raccoon
- Start date
Quote from rocky_raccoon:
OK, how do I buy convexity in the direction of the volatility decline? Put option on VIX or VXX, or put vertical, or something more complex?
When vol is high it can go higher but won't stay high for any long period of time. Realistically, if VIX hits 80, will it stay at 80 for a month or come down the very next day? I bet it will come down just as fast as it went up.
newworld was saying buy convexity in the direction vol is going .. he was referring to up
Quote from rocky_raccoon:
This is exactly the reason I want to be long SVXY (or similar instrument) preferably after a volatility spike. Selling puts on it is just a way to get the underlying at a lower price. I like ZIV better but it does not have options. [/QUOTE
today is your chance or perhaps u are not at your desk.
Quote from zdreg:
Quote from rocky_raccoon:
This is exactly the reason I want to be long SVXY (or similar instrument) preferably after a volatility spike. Selling puts on it is just a way to get the underlying at a lower price. I like ZIV better but it does not have options. [/QUOTE
today is your chance or perhaps u are not at your desk.
S&P is down 4 and VIX is at 17.35. Does not look like a crash or even a decent spike to me.
Quote from atticus:
Jun90P has more than doubled since the start of this brilliant thread.
Are you long or short it? You have some position in SVXY. Please share it.
As for the thread, I changed my mind about selling SVXY put right away (BTW, I would not pick 90 strike. 75-80 at best) and decided to wait for good spike in VIX futures.