Put spread cause u can get more premium that way using way less buying power. And of further down side Incase we did see vix 9-10 but don’t think so. Not like last year. I don’t know about the call side but I would assume ur fighting decay and time again now is not on your side.

If your nervous about a bad spike I would not hedge with uvxy or vxx calls.

I like to sell put spreads on vix when it’s around 12 and under. I sell about 4 months out. Gives me the ability to wait even as volume makes new lows the put spreads don’t move against u really much. Giving u ample time to wate for the spike. Mean while with vxx n uvx…[Read more]

Also take a look at tasty works. You will love the cheap fees. 1 dollar per contract. Any more than 10contracks the fee goes no higher than 10 bucks. I beleive there stock fee is like 4 bucks or so

My guess is some time Monday we get a volume crush if not some time next week. Seems to be cooling off now. Hope it continues. It’s been 14 days since we hit new lows. It’s going to break that streak soon.

I bought a bunch of long calls almost equalized out my short calls to see what would happen if they shut down.

I like that trade seems like a no brainer. Draw down was virtually non existent.

Covered half of my bear vix put spread. For about a 25% gain

Yes that’s a good idea. But my account is kinda small yet but growing. And that takes a lot of my buying power away to use on drops.

I will close mine out tomorrow if it goes any higher. Mine were for feb 14 so I had lots of time to sit and wait.

My vix bear put spread is green by about 20%

Started to begin adding to VMIN about every .10 move down.

A week later this trade is now beginning to pay off.