08-21-2020, 08:32 AM
The only 2 ways that I have been able to profitably trade VIX options is
1) Buy a 60+DTE call when VIX trades below prior month's low. You will get a pop or at worst lose a little bit.
2) When VIX trades 12.50-13.50 buy a call with 6 months expiration. You will get a good pop.
If you OTM put becomes ITM, look out.
YMMV
1) Buy a 60+DTE call when VIX trades below prior month's low. You will get a pop or at worst lose a little bit.
2) When VIX trades 12.50-13.50 buy a call with 6 months expiration. You will get a good pop.
If you OTM put becomes ITM, look out.
YMMV