Conservative option strategies, what did you buy or sell today?

[NilesMike]

(08-21-2020, 09:43 AM)fenders53 Wrote:

(08-21-2020, 08:32 AM)NilesMike Wrote: 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

If I get exercised can I not hold the VIX position like any other stock?  I don't see a lot of downside in the VIX from here.  I suppose you would have to except my thesis that the market can't go on forever not reflecting economic reality.  Seems to me some volatility is inevitable.  Am I missing something basic here? generally speaking I don't buy options. I will skip it if that is required to make a profit.

VIX Update.

I found a very interesting study that I will trade. I'll practice with the micro minis to get the mechanics down.
https://pdfs.semanticscholar.org/9377/43...b5b492.pdf