This is a VIX futures "Term Structure" trade (see Post Below) ... . It's farther out than I like to go, but I only have one other VIX setup on -- a May 16/19 short call vertical.
You can either consult the June VIX futures price and look to set up your short call using that price as a guide, or sell the spread with the short call at ~50 delta.
Filled for a .75 ($75)/contract credit.
You can either consult the June VIX futures price and look to set up your short call using that price as a guide, or sell the spread with the short call at ~50 delta.
Filled for a .75 ($75)/contract credit.
Trade closed: target reached:
Covering for a .35 db here with 77 DTE.
Comment:
I'm 100% this year so far on these setups, generally in expiries <90 DTE, with the short call set up at the 50 delta where that's >16 and taking profit at 50% max. I haven't had to roll one ... yet ... .
