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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