The Great(er) Vix Play (again)
Hello :)
It feels good to be back. For those of you who know/remember, I used to be a fairly active member on WSB as ScarvesandSuspenders. I left because i took alot of harassment for my trade ideas (whether they worked or didn't). Took a long hiatus to re-evaluate how i would like to interact with the trading community.
In short, I am back (here)! Not returning to WSB (yet), but feel free to share my ideas if you so please. As always, this is not financial advice and simply my personal view on what i see in the market.
This chart summarizes my current idea on VX futures and essentially the volatility market as a whole. When this will occur is all unknown but i believe at some point in 2021 is a fair assumption. I have begun accumulating my position and will continue to do so into the future.
Wishing you all a lovely day and a brighter 2021 full of possibilities.
Please stay safe and be careful.
Till next time!
S+S
It feels good to be back. For those of you who know/remember, I used to be a fairly active member on WSB as ScarvesandSuspenders. I left because i took alot of harassment for my trade ideas (whether they worked or didn't). Took a long hiatus to re-evaluate how i would like to interact with the trading community.
In short, I am back (here)! Not returning to WSB (yet), but feel free to share my ideas if you so please. As always, this is not financial advice and simply my personal view on what i see in the market.
This chart summarizes my current idea on VX futures and essentially the volatility market as a whole. When this will occur is all unknown but i believe at some point in 2021 is a fair assumption. I have begun accumulating my position and will continue to do so into the future.
Wishing you all a lovely day and a brighter 2021 full of possibilities.
Please stay safe and be careful.
Till next time!
S+S
Comment:
Strategy: Sell UVXY cash covered puts with a strike $1-2 off the current price with intention to hold the shares until the move (if they are assigned). This lowers my cost basis should i end up holding shares while collecting premium if I don't. Expect the move to happen (likely) in September/October.