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sonidofranko
Jul 21, 2023 5:14 PM

Go Vix Go! Long

VOLATILITY S&P 500TVC

Description

Stalin said that imposing Communism on Roman Catholic Poland was as absurd as putting a saddle on a cow.

Can't stop thinking about Black Sea blockade
Can't stop thinking about Poland and Lithuania amassing at the border
Can't stop thinking about Ukraine/Russia war escalation
Can't stop thinking about Hunter Biden's huge penis

Loaded - 08/16 $14 calls

Trade active

Up around 75% on my calls. Will look to sell tomorrow or in the next few days. This may drop tomorrow at open - then looking for another rip. Not sure if I wanna hold thru Apple earnings. Bullish on volatility and bullish on this breakout. Just don't trust seasonality charts tho and don't trust Apple - just my thoughts. Good luck to everyone!

Trade closed manually

rolled sept 20th $15 calls on morning drop
Comments
CuzDelux
You still got your calls, I hope?? This thing could gap up into the 20 region, Monday. I think I shared this, but this thing is tracking:
sonidofranko
@CuzDelux, yup - nice looking out Cuz. Ill hold til' next week or roll. I was on the road yesterday and all day today - so I couldn't have done anything anyway. But I have a 30 day sell order if it hit close to $20. Just watching and waiting for now. A lot of data next week - lets see what drops.
Krsnake
Target?
sonidofranko
@Krsnake, $15.50 to $16.00 for 40 to 50% gain unless earnings shit the bed = may hold longer or roll. This morning Vix was up 10% and a buy signal was triggered (no longer there). I'm kinda front running this trade, front running FOMC, playing this one by ear, so not 100% convinced. GL
Krsnake
@sonidofranko, Appreciate it :)
CuzDelux
@sonidofranko, mark Newton who called the last market bottom expects a 30-52% rise in August. Based on ES count, I think Aug 14-16 vix could trade above your target.l as high as 20+
sonidofranko
@CuzDelux, Yeah there are open gaps above $17-$18 - I see alot of other chartists saying $19 to $21. Again I just don't trust seasonality charts and I don't trust Apple earnings (they always surprise upward). But you could be correct sir. Thanks for response.
CuzDelux
@sonidofranko, could spike through Monday futures open, into cash market, then crash out from there. I am going to wait for Friday close to see if we reverse, but want til Monday to close Es puts on a gap down going into Monday. Apple earnings should be down, but market will retrace post digestion. 75% is good money!
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