Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Things are just too calm out there!

Everything is going so well in the stock market, that new highs for the year are even in sight:

When the calm peaceful feeling sets in, I like to bet that it wont last forever. And so I did, stepping out with a larger VIX options trade this time. This morning, with the VIX at 16.74:

I fired up another VIX options call spread, this time with a May expiration. Bought 10 VIX 17 calls for $3.70 each, and to defray the cost, sold 10 May VIX 22.50 calls against them for $1.55 each. The net outlay is $2,150.00, and I have until May 17th to see the VIX rise to 22 1/2 or more.


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