KMB
Bought VIX Calls Today
Started by
kssmibotm
, May 19 2014 02:26 PM
2 replies to this topic
#1
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 19 May 2014 - 02:26 PM
I bought some VIX calls today, taking advantage of some cheap volatility. Over the past year and half, the VIX at 12 or lower has been a great buying opportunity for calls. Typically, I will buy calls with 2-3 months to expiration and a strike price of 17. I picked up the July 17 calls today at $0.95. I am not calling a top here... just taking advantage of cheap volatility to hedge a long portfolio.
KMB
KMB
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#2
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 19 May 2014 - 02:31 PM
I forgot to mention that when VIX gets above 18, I buy puts on UVXY. Typically, I buy ITM puts with 2 months to expiration.
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#3
Mr Dev
-
- Traders-Talk User
- 11,528 posts
Member
Posted 20 May 2014 - 09:01 AM
nice timing kissmi...enjoy the ride.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
