For some reason the VXX options contracts seems to require a lot of Margin/BP to develop a decent premium. As such I decided to look at other VIX related ETFs and found VIXY well priced and from my research has a closer correlation with the VIX
Over the past year of trading options i’ve come to realised that I’m really trading volatility in the different sectors. This trade is my hedge trade and while I believe we are in a bearish situation now, I believe we will be ranging at least for the time being. Hence I am somewhat not directional with VIXY
Risk Mitigation
I have two S&R points for this trade with the key S&R 1 at 26.64. This will be my guard rails and reaction points for risk mitigation
I Feel
I feel comfortable on this trade, I’m somewhat still feeling the effects of last month. But I cannot let that influence me
Imagine Yourself Taking The Other Side
This is a possibility given that I am not directional but I could only mark one S&R point
Look For New Information
By selling Calls, I am accepting that there won’t be a steep reversal
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.