mortlightman 9:45 am on Monday, July 9, 2018
Tags: Hedge ( 75 )

VIX

#Hedge
BTO Aug 22 15/19 BuCS & 13/10 BuPS cost .09
This is a DK trade

MamaCash 9:53 am on Monday, July 9, 2018

Are you a member of TheoTrade?
- mortlightman 9:56 am on Monday, July 9, 2018
  
  no, but I have been watching DK’s stuff for many years. I like his style.
Jeff 11:38 am on Monday, July 9, 2018

To be clear, you bought the call spread and sold the put spread… basically a risk/reversal with spreads. Right? Max risk 3.09 if it expires with VIX under 10. Do you have a stop point? How about profit taking?
- mortlightman 12:37 pm on Monday, July 9, 2018
  
  I usually don’t place stops, but will close if it gets to be a problem. Correct max risk 3.09,, but just need a couple of big down days to make it a good hedge. This is one I learned from DK. He has these on most all the time as a hedge. Also have a bad habit of getting out of a profitable trade to soon.

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