12 replies to this topic

[risk_management]

Tommy, how are you playing vix? Aren't those European options expiring on a single day and therefore having much less movement.

[tommyt]

Vix stinks as a product to trade...its one way paper. I just bought Oct call spreads for a market high in the usual Aug/Sept time frame. Took a few off at vix 15. We got here very easily, so vix 17-20 seems reasonabe soon.

[tommyt]

Two long ideas in a down market

 

Cost

Snap - higher risk with earnings tonight

 

buy either on any dips and use stops to protect