VIX August 31st $13 Calls

[vanzandt]

$1.30...... a frigging steal.

 

[FSU]

Actually I thought they were cheap as well, trading just over parity of the weekly vix future. I bought some on the close yesterday at 1.15, watched them go to .60 this morning, and scratched them a bit later. Now trading 1.60. Oh well. Hopefully you have some as well.

 

[Buy1Sell2]

Looks like quite a bit of upside potential in VIX. Breakout to the upside in the offing

 

[tradelosses]

I only see September 7th..no august

 

[tradelosses]

Actually I thought they were cheap as well, trading just over parity of the weekly vix future. I bought some on the close yesterday at 1.15, watched them go to .60 this morning, and scratched them a bit later. Now trading 1.60. Oh well. Hopefully you have some as well.

mathematically , due to the huge skew, buying VIX calls is a loser bet. it almost never works

 

[vanzandt]

mathematically , due to the huge skew, buying VIX calls is a loser bet. it almost never works

It worked for two days.... its the timing that counts. Like anything else. You're right though, trading a derivative of a derivative is not necessarily the safest way to go.

 

[Deuteronomy_24_7]

buying VIX calls is a loser bet. it almost never works

Of course buying OTM options -- on any security -- is a loser most of the time. The occasional big gains pay you back.

 

[donnap]

I only see September 7th..no august

Aug. 30th was the last trading day.

 

[donnap]

Of course buying OTM options...

The calls were ITM.

 

[El OchoCinco]

And to add to Donna (who as always is correct)...the calls were priced to trade at the intrinsic value as a synthetic equivalent of owning the VX future outright... so some of the comments are simply not understanding the options or bothered to check the price, strike and underlying. (ha ha skew...and otm....lol) . Buying the call at that price would be the same as going long the weekly VX option expiring this morning.