Thank you. The only risk now is if VIX spikes like today and stays that way since that will push the SEP calls higher than the long NOV calls due to the VIX curve structure. A pop and drop repeatedly in vols will churn it nicely so I hope we do not get a 2008 or 2009 VIX inversion in the curve.
VIX/VXX/VX Trading Journal
- Thread starter VIXFactor
- Start date
Thank you. The only risk now is if VIX spikes like today and stays that way since that will push the SEP calls higher than the long NOV calls due to the VIX curve structure. A pop and drop repeatedly in vols will churn it nicely so I hope we do not get a 2008 or 2009 VIX inversion in the curve.
CLOSED LONG SEP VX Futures @ 16.15
GAIN = +.75
Want to see what happens today since market has tended to sell off and rally lunch/late day. Closing this, was at 16.40 but pulled back and would rather take the profit and see how the day plays out.
Market running and vols running so closed this out at .05 for a net loss of .19.
Will see how the market trades into the close to see if another trade is possible for short term pull back.
TRADE -
Long xx VXX AUG 21 2015 17.50 PUTs @ .52
Still have VX positions for long term approach to VIX but looking at an overnight drop in vols into tomorrow's opening using the VXX, expiration day. I might have been early with my previous VXX puts so we will see into tomorrow on this one. VXX trades like this are shorter-term swing/scalps so less size than longer term VX or VIX positions.
Long xx VXX AUG 21 2015 17.50 PUTs @ .52
Still have VX positions for long term approach to VIX but looking at an overnight drop in vols into tomorrow's opening using the VXX, expiration day. I might have been early with my previous VXX puts so we will see into tomorrow on this one. VXX trades like this are shorter-term swing/scalps so less size than longer term VX or VIX positions.
Legged into -Nov/+Dec/-Jan VX FLY by selling the +DEC(17.60)/-JAN(18.10) spread for -.50.
Position is now -NOV/+Dec/-JAN @ -0.175 credit
Looking for less riskier play on this early to mid month curve. (At least less than the outright calendar but I could be wrong haha)
Despite the pop in VIX, the VX did not pop as far despite SEP lifting the curve up. Decided to take this off quickly for a "scalp"
Closed at $0.30 for $0.05 Profit.
SEP VX @ 17.91 but spread barely budged. I attribute some of that to time value in the options and vols but also VX is not feeling this VIX spike it seems.
Nothing better than seeing the long front month pop while the back stays flat on a calendar like that
. I might look for the reverse of that trade towards the close...Getting fugly today. Backwardation on its way...
Loaded with my VIX Calendar and VX FLY so no new positions so far. Will have to see how we close since I am sure index will sell off hard into close to not have any long positions over the weekend. China and Econimic news will keep vols elevated and VIX is at a big premium to SEP VX so the question is whether put buying on SPX is overreacting or VX will soon catch up to Vix...
Loaded with my VIX Calendar and VX FLY so no new positions so far. Will have to see how we close since I am sure index will sell off hard into close to not have any long positions over the weekend. China and Econimic news will keep vols elevated and VIX is at a big premium to SEP VX so the question is whether put buying on SPX is overreacting or VX will soon catch up to Vix...
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