I agree with your reasoning, simply disagree on magnitude. A 30-print hasn't been seen since the 9/11 aftermath. You'd have to assume that your bull spread would be trading near failure with a VIX at 30. Sure, we can rally 100 points on SPX from here, but you'd be long gone on this vertical.
Not to belabor it, but I'd go with ITM VIX calls assuming that a majority of the VIX call debit would be recoverable. The call backspread is sound, but you'd tend to get nervous holding those. Otherwise VBI futures, but there is a logistical issue with that contract.
Not to belabor it, but I'd go with ITM VIX calls assuming that a majority of the VIX call debit would be recoverable. The call backspread is sound, but you'd tend to get nervous holding those. Otherwise VBI futures, but there is a logistical issue with that contract.
and the yahoo optionclub moderated by Chris Smith...FxFade is Kent and he has given some free info on how to do DiNapoli levels etc. Quite a few very good option traders on both forums , highly recommend you join them. not as active as elite trader but very specifically option oriented.
