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

Doubling up on VIX — and looking forward

When the VIX is down to 15, I like to buy — in many cases, almost impossible to resist. So I put a little more than $2000 down on an increase in volatility sometime before June. It would take a lot for the present market torpor to last that long.

Specifically, I bought 7 VIX June 15 calls for $6.30, then sold 7 June 20’s for a credit of $3.00 each.

This gives me three open VIX positions: naked April 20’s sold that are expiring next week, plus May 17 calls and now a June call spread. In short, VIX hovering under 20 next week, then spiking, would be just fine with me!


No Comments Yet


There are no comments yet. You could be the first!

Leave a Comment