Jeff 12:10 pm on Monday, November 18, 2019
Tags: VXXGame ( 769 )

Adding more VIX

#VXXGame Bought to open $VIX Feb 18th 19/22 call spreads for .60. Added to the Jan 21st 17/20 already holding.

jsd501 12:22 pm on Monday, November 18, 2019

Thanks for the idea. I followed you on the January 22 at .68 cents. It seems like cheap insurance.
- Jeff 1:03 pm on Monday, November 18, 2019
  
  If VIX stays quiet longer or goes lower, we can buy back the shorts for cheap, leaving us with only the longs. Also, looking at the VIX spike earlier this year, it will pay to exit on strong spikes and not wait. So many of the spikes fall dramatically in the next day or days, and these options’ prices will fluctuate wildly.

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