DaddySawbucks的TVC:VIX的VIX LONG CALLS OCT $16/17: POP SOON?!

VIX LONG CALLS OCT $16/17: POP SOON?!

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, 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

註釋

Closed position on gap deep ITM; seek re-entry sub-$16.

交易進行

Look for a bounce then re-enter IMO

註釋

Went into cash Tues anything can happen Weds wait and see IMO

註釋

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.

註釋

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!

交易進行

Closed out the calls for +3k now up 14K this week on VIX; holding UVXY 1K bear shares

交易進行

Back in these on the VIX weakness at ATH on 9/02. Loading up, took 100.

交易進行

Added 50 more

註釋

Closed out all positions except holding the VIX calls. POP SOON IMO

註釋

Yeah nice EOD covering rally... expect more of same Fri

手動結束交易

I sold em all for a nice small pop, Friday Am surprise, look for re-entry soon. Prefer to hold nothin over long weekend!