Making My Move

With the VIX at 15, I decided to use options to further raise my short profile. I went out to June in case seasonality holds up through the end of this month. That way I give myself some time to be right and don't get squeezed out.

5 comments:

Anonymous said...

how do i go about buying the vix?

Tsachy Mishal said...

A lower VIX makes options less expensive. The VIX measures the implied volatility of options.

Anonymous said...

i know, but is there a way to actually buy the vix?

Tsachy Mishal said...

There is an ETF (symbol: VXX)but I don't think it works well. Its one of those toxic ETFs. There is a sophisticated option strategy but I don't know how to do it and if you are asking you probably don't either.

dukebravo said...

You could always trade VIX futures, but that's like giving a guy a grenade when he asks for a firecracker. That VIXen will break your heart!