vix put options

[millionaire7]

What do you guys think if it is a good idea to buy put options on vix.

Does anybody here trade vix.

 

[S2007S]

S2007S


Registered: Aug 2006
Posts: 7403


10-10-08 12:00 AM

IS ANYONE buying puts on the VIX????


I see the VIX dropping extremely quickly back to the 40-45 range sometime in the next 2-4 weeks.



40.00 Nov 2008 VIX_WH 6.10 6.90 6.40 1.40 115 787


45.00 Nov 2008 VIX_WG 9.60 10.20 10.10 1.90 23 830

 

[MTE]

You may wanna post this in the options forum.

By the way, the underlying for VIX options is not the spot VIX so it is not as straightforward trading them.