Bot a few deep OTM ES calls today. 150 pnts up from here in Nov. I have one system thats firing weekly buys here. Avg gain in about 6 weeks around 125 ES pnts..guts telling me it goes a lil further. That being said once I put the trade on I considered the money lost. I will check my email for GTC fills selling them.
Buying long term OTM options with vix at 55 is ridiculous. Even if you get 150 points on ES, you will see 1% of that move as the collapse in implied volatility squashes your returns.
Buying long term OTM options with vix at 55 is ridiculous. Even if you get 150 points on ES, you will see 1% of that move as the collapse in implied volatility squashes your returns.