08-19-2020, 01:54 PM
(08-19-2020, 12:36 PM)vbin Wrote:Thanks. I tend to do the inverse of things. I may sell a few puts OTM. VIX is low and it's hard to imagine the market gets any tamer than this. I try to have a few things I consider a hedge most of the time. I stay invested so when I am wrong worst case I handcuff my overall gains a little. I'm not bold enough to ever make a huge bet the market will go down any given month. That's a fool's errand. If you do it often enough you will lose in the end.(08-19-2020, 12:32 PM)fenders53 Wrote:I traded it once straight out of school in 2008 based on what a friend from wallstreet told me. I got greedy and kept buying even after he told me to sell and run, lol. Dint have any clue what the hell it was. Straight gambling.(08-19-2020, 09:21 AM)vbin Wrote:(08-18-2020, 10:42 AM)fenders53 Wrote: VBIN, what ETF do you use to play VIX options. I am ready but don't want to jump into a fund with bizarre leveraging practices.I have tried a little bit VIX twice and both time lost money so not touching it again.
Sold a Roku put $138 strike, expiring next week.
Did you play it after the March crash expecting further levels of Armageddon? I lost some money buying protective puts around that time. Did you actually trade the symbol VIX?
Second this year after March, bought couple of puts on VXX.