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Bought VIX puts today about 30 minutes before the closing bell. The VIX was up 41% at the time trading around $18.70. Minutes later it began declining. By 4:30pm it’s now fallen to $17.00. Up only 28% on the day.
I will have to wait until tomorrow or several days to see how this trade plays out but so far looking good. Anyone else trade this?
Bought VIX puts today about 30 minutes before the closing bell. The VIX was up 41% at the time trading around $18.70. Minutes later it began declining. By 4:30pm it’s now fallen to $17.00. Up only 28% on the day.
I will have to wait until tomorrow or several days to see how this trade plays out but so far looking good. Anyone else trade this?
Well at least you told us BEFORE the result. Not like most here who tell us only after something good happened for them.
It’s my first time messing around with VIX related products. I was scared to since I didn’t know enough about them and how the options work. I took a stab at it today. I only risked a small amount.
Based on recent history dating back the last few years, every time the VIX spikes sharply it usually falls back within a few days to it’s starting point. Still, I bought puts about $5 out of the money dated a month out for extra time protection. If it doesn’t work out I won’t be poor.
Bought VIX puts today about 30 minutes before the closing bell. The VIX was up 41% at the time trading around $18.70. Minutes later it began declining. By 4:30pm it’s now fallen to $17.00. Up only 28% on the day.
I will have to wait until tomorrow or several days to see how this trade plays out but so far looking good. Anyone else trade this?
Since puts on the VIX don't exist, exactly what security did you purchase?
It’s my first time messing around with VIX related products. I was scared to since I didn’t know enough about them and how the options work. I took a stab at it today. I only risked a small amount.
Based on recent history dating back the last few years, every time the VIX spikes sharply it usually falls back within a few days to it’s starting point. Still, I bought puts about $5 out of the money dated a month out for extra time protection. If it doesn’t work out I won’t be poor.
It’s my first time messing around with VIX related products. I was scared to since I didn’t know enough about them and how the options work. I took a stab at it today. I only risked a small amount.
Based on recent history dating back the last few years, every time the VIX spikes sharply it usually falls back within a few days to it’s starting point. Still, I bought puts about $5 out of the money dated a month out for extra time protection. If it doesn’t work out I won’t be poor.
You should really quickly figure out how & why the VIX moves, and what the volatility represents. Attempting blind luck w/ index options is not really smart, they are derivatives of derivatives.
I know. From a person with no knowledge on the subject I always knew you couldn't directly buy the vix but thought you could trade options on it. If you can't buy directly or options, can you even trade it in any capacity?
Since puts on the VIX don't exist, exactly what security did you purchase?
Incorrect. Look up ticker symbol VIX. It is the CBOE VIX options. Those are what I bought. They are a first order derivative of the actual VIX index.
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