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  • #601
  • Jan 26, 2017 7:43pm Jan 26, 2017 7:43pm
Straight up, DonJon Trump broke the VIX. Epic!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #602
  • Jan 26, 2017 8:22pm Jan 26, 2017 8:22pm
Quoting The Fool
Straight up, DonJon Trump broke the VIX. Epic!
He's breaking a ton of stuff ... .

Basically, though, it's the market whispering in my ear: "Take a break ... ."
Fireworks are fun ... as long as you don't blow your fingers off.
  • #603
  • Jan 26, 2017 9:27pm Jan 26, 2017 9:27pm
I see several vix-related articles a day now it seems...."Whassup wit da VIX?" ..."...."Don't Touch da VIX"...etc....

Sad.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #604
  • Jan 27, 2017 3:50pm Jan 27, 2017 3:50pm
Quoting The Fool
I see several vix-related articles a day now it seems...."Whassup wit da VIX?" ..."...."Don't Touch da VIX"...etc.... Sad.
I've also seen a number of them, sometimes coupled with advice or trade ideas (none of which I like; no surprise there) ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #605
  • Jan 27, 2017 3:52pm Jan 27, 2017 3:52pm
Covering: GDXJ Feb 17th 30/37/37/45 iron fly for a 3.24 db. Gross profit: $49/contract. The chain is here, short as it was (7 days): https://www.tradingview.com/chart/GD...ON-CONDOR-FLY/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #606
  • Jan 27, 2017 4:31pm Jan 27, 2017 4:31pm
Quoting The Fool
I see several vix-related articles a day now it seems...."Whassup wit da VIX?" ..."...."Don't Touch da VIX"...etc.... Sad.
But, "Yikes!", 10.58. Can't do much with that ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #607
  • Jan 27, 2017 6:51pm Jan 27, 2017 6:51pm
Current VIX "Term Structure"

Basically looking for a pop of one of these <90 DTE back months to >16 ...

Attached Image (click to enlarge)
Click to Enlarge Name: 1:27 TERM STRUCTURE.jpg Size: 90 KB


... to add 50 delta short call verts in the corresponding VIX expiry.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #608
  • Jan 27, 2017 7:06pm Jan 27, 2017 7:06pm
With VIX <11, it's a premium selling wasteland out there ... .

Only thing on my radar for next week is X earnings (High IVR/High IV). That XRT's "getting there," but background not quite high enough yet for me to play ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #609
  • Jan 27, 2017 9:52pm Jan 27, 2017 9:52pm
Quoting ZebraSquirl
With VIX <11, it's a premium selling wasteland out there ... .
FOMC next week.....maybe JY can make some hawk sounds, maybe start to turn the bull tide, but I doubt it...maybe we will see new ^VIX lows....into the 9's and maybe lower? Unheardof.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #610
  • Jan 28, 2017 3:43pm Jan 28, 2017 3:43pm
Quoting The Fool
{quote}FOMC next week.....maybe JY can make some hawk sounds, maybe start to turn the bull tide, but I doubt it...maybe we will see new ^VIX lows....into the 9's and maybe lower? Unheardof.
Only time'll tell ... .

Here's one long volatility play I don't totally hate: https://tastytrade.com/tt/blog/evalu...covered%20call
Fireworks are fun ... as long as you don't blow your fingers off.
  • #611
  • Jan 28, 2017 4:26pm Jan 28, 2017 4:26pm
Quoting ZebraSquirl
{quote} Only time'll tell ... . Here's one long volatility play I don't totally hate: https://tastytrade.com/tt/blog/evalu...covered%20call
VIX Covered Call:
Buy 100 shares @ 10.60
Sell Apr. 11C @ 4.50

Cost = $610
Break Even @ 6.10
Profit = $490 if closes @ 11 or higher @ Apr. expiration.
Attached Image (click to enlarge)
Click to Enlarge Name: vix.png Size: 29 KB
  • #612
  • Jan 28, 2017 4:40pm Jan 28, 2017 4:40pm
Quoting srt
{quote} VIX Covered Call: Buy 100 shares @ 10.60 Sell Apr. 11C @ 4.50 Cost = $610 Break Even @ 6.10 Profit = $490 if closes @ 11 or higher @ Apr. expiration. {image}
Is that the VIX CFD? 'Cuz we can't buy VIX "shares" here in "Los Estados Unidos."
Fireworks are fun ... as long as you don't blow your fingers off.
  • #613
  • Jan 28, 2017 4:53pm Jan 28, 2017 4:53pm
Quoting ZebraSquirl
{quote} Is that the VIX CFD? 'Cuz we can't buy VIX "shares" here in "Los Estados Unidos."
I've never traded it so thought it was an ETF but looks like NOT.
I think you just ruined my monday $$$$ trade :-(
Thanks :-)
Attached Image (click to enlarge)
Click to Enlarge Name: VIX options.png Size: 65 KB
  • #614
  • Jan 28, 2017 4:57pm Jan 28, 2017 4:57pm
Quoting srt
{quote} I've never traded it so thought it was an ETF but looks like NOT. I think you just ruined my monday $$$$ trade :-( Thanks :-) {image}
Sorry about that ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #615
  • Jan 29, 2017 10:28am Jan 29, 2017 10:28am
Another long VIX setup that I don't totally hate: https://www.tradingview.com/chart/VI...CALL-VERTICAL/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #616
  • Jan 29, 2017 10:47am Jan 29, 2017 10:47am
Next week's PremiumSelling in a nutshell. https://www.tradingview.com/chart/VI...HEAD-X-FB-VIX/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #617
  • Jan 30, 2017 1:42pm Jan 30, 2017 1:42pm
2/17 UVXY long puts bot @ 11c a couple weeks ago, today worth $0.45+....little vol helps the puts and the calls on the crazy stuff.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #618
  • Jan 30, 2017 3:19pm Jan 30, 2017 3:19pm
Quoting The Fool
2/17 UVXY long puts bot @ 11c a couple weeks ago, today worth $0.45+....little vol helps the puts and the calls on the crazy stuff.....
Puts a little popcorn in the popper, that IV ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #619
  • Jan 30, 2017 3:58pm Jan 30, 2017 3:58pm
Pick your poison for X earnings: Feb 17th 29/38 short strangle or Feb 17th 25.5/33/33/41 iron fly. Metrics, etc., posted here: https://www.tradingview.com/chart/X/...NGLE-IRON-FLY/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #620
  • Jan 30, 2017 4:49pm Jan 30, 2017 4:49pm
Quoting The Fool
2/17 UVXY long puts bot @ 11c .....
that's $20 puts, will close some for 4bag if I can soon, let the rest run. Long puts a good deal if you can buy them when the iv's are bottoming - knowing if the latter condition is indeed true not always so easy
"If The Fool persists in his Folly he will become wise." - William Blake
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