VIX fly / spread journal

Jgills said:
these days have been pretty slow for me. im not messing around in spreads for now, but just some outright vix futures in the middle of the curve. has anyone been doing much?
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Yo, send me a bloom pls
 
cdcaveman said:
I'm long Oct outright ironically.. what else is there .. whole curve dumped down flat and low
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funny, I'm long sep. I've been trying to just trade it around for 20bp here and there.. maintaing a small long. much easier 20bp than spreads these days with a chance of a bigger win lol.
 
Today I entered into some new positions, the opportunity I see is selling calendar spreads pretty much everywhere on the curve. I choose selling jun jul and aug sep. The jun jul is very small for me, but the aug sep I'm doing bigger.
 
I think the aug sep is literally a no brainer. Do u think otherwise? Does anyone out there? I want to hear the case from the other side so I can try to see what I'm missing.
 
Jgills said:
By selling the calendar I mean selling the calendar. Buying shorter dated and selling longer dated
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This maddens me when people refer to selling a calendar spread as buying the front/selling the back. Maybe sometime during this century we'll get everyone on the same page (selling == sell front/buy back).

Jgills said:
I think the aug sep is literally a no brainer. Do u think otherwise? Does anyone out there? I want to hear the case from the other side so I can try to see what I'm missing.
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I don't know about "literally a no brainer". Everyone sees the VIX trade and the last 2-3 weeks have been nothing but talking about how low the VIX is. I wanna see if everyone else gets blown out first, then I'll hop on.

Chart_17-05-16_15-30-39.png


VIX is of course very low - but this isn't the lowest F3-F4 has been. If nothing significant happens in the next few months (it's definitely happened before) it's just going to end up painfully rolling down that steep curve.

Chart_17-05-16_15-32-03.png


Where's the bid?
 
i960 said:
VIX is of course very low - but this isn't the lowest F3-F4 has been. If nothing significant happens in the next few months (it's definitely happened before) it's just going to end up painfully rolling down that steep curve.
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While there is a chance we could have some type of market moving event, the fact that there are so many complaining about the low VIX makes me think there are a lot of people long volatility and haven't capitulated yet.
 
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