whats your target for vix, do you have any call spread ideas? I believe we are over due for a massive spike. I have been looking at call spreads and started to put some on today. I am being patient as this rally seems to have legs. However, today vix should have puked lower on the rally and it held its own today. I see 50 as a wick level on next spike in my work.
I’m ridin the TVIX. All indicators are pointing to trend reversal and drop and we have a catalyzing event tomorrow.
Let’s see what happens!
pivotaltrader
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@ProfitHarvest, yea I have call spreads on vix, but I have been getting killed trying to short Es futures, and nq, so I’m continuing to build vix call position in November monthly’s as I feel it will snap at some point. Buying myself time cause idk how long the bull train continues, I’m curious if 50 cent vix call option whale from London is loading up again?!?
mtraderz
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More likely to close the gap at 18 before any fireworks
kingmidasLXIX
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@mtraderz, prime time for Broken butterfly puts here soon
Pivotaltrader