VIX LONG CALLS OCT $16/17: POP SOON?!
Updated
I bought 120 of these. Not cheap not for faint hearted. I do NOT recommend this strategy for investors. Pure Speculation, be warned!
You need cast-iron cajones to hold this position, been buying these all last week as it gets crushed, the $17 were ~4.90,
16S averaged at 5.30.
These got a lotta time in them, patient watch & wait for the pop. Target ~$24-26 will get there fast if ES1 sells off.
Triple witching on Friday 20th. GLTA
You need cast-iron cajones to hold this position, been buying these all last week as it gets crushed, the $17 were ~4.90,
16S averaged at 5.30. These got a lotta time in them, patient watch & wait for the pop. Target ~$24-26 will get there fast if ES1 sells off.
Triple witching on Friday 20th. GLTA
Note
Closed position on gap deep ITM; seek re-entry sub-$16.Trade active
Look for a bounce then re-enter IMONote
Went into cash Tues anything can happen Weds wait and see IMONote
Look to re-enter on a bounce, if we get it Weds. Do not buy weeklies, the spread is lousy and they just evaporate. Get at least Septembers, Octobers better.Note
Re-entered in the Sep 17/Oct 18 calls, 10 each to start; and bought a covered write on UVXY for 1k shares.The short calls on Friday strike 25.5 trading for ~5% of share price!
Trade active
Closed out the calls for +3k now up 14K this week on VIX; holding UVXY 1K bear sharesTrade active
Back in these on the VIX weakness at ATH on 9/02. Loading up, took 100.Trade active
Added 50 moreNote
Closed out all positions except holding the VIX calls. POP SOON IMONote
Yeah nice EOD covering rally... expect more of same FriTrade closed manually
I sold em all for a nice small pop, Friday Am surprise, look for re-entry soon. Prefer to hold nothin over long weekend!Trade active
Going into cheap September trade buying $17 calls for $1.80, just ten. No big lots over the weekend, just to see if it pops Monday!Note
Got ten more for $1.75 and added ten $16 strikes for 2.35, ITM. Probly too much already.Trade closed manually
Made another quarter off these so I dumped them, hold nothing over weekend, GLTA!
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