A diary of the thought process behind my investment decisions
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.
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.
5 comments:
how do i go about buying the vix?
A lower VIX makes options less expensive. The VIX measures the implied volatility of options.
i know, but is there a way to actually buy the vix?
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.
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!
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