VIX LONG CALLS OCT $16/17: POP SOON?!

I bought 120 of these. Not cheap not for faint hearted. I do NOT recommend this strategy for investors. Pure Speculation, be warned!

You need cast-iron cajones to hold this position, been buying these all last week as it gets crushed, the $17 were ~4.90, $16s averaged at 5.30.

These got a lotta time in them, patient watch & wait for the pop. Target ~$24-26 will get there fast if ES1 sells off.
Triple witching on Friday 20th. GLTA

Comentário:

Closed position on gap deep ITM; seek re-entry sub-$16.

Trade ativo:

Look for a bounce then re-enter IMO

Comentário:

Went into cash Tues anything can happen Weds wait and see IMO

Comentário:

Look to re-enter on a bounce, if we get it Weds. Do not buy weeklies, the spread is lousy and they just evaporate. Get at least Septembers, Octobers better.

Comentário:

Re-entered in the Sep 17/Oct 18 calls, 10 each to start; and bought a covered write on UVXY for 1k shares.
The short calls on Friday strike 25.5 trading for ~5% of share price!

Trade ativo:

Closed out the calls for +3k now up 14K this week on VIX; holding UVXY 1K bear shares

Trade ativo:

Back in these on the VIX weakness at ATH on 9/02. Loading up, took 100.

Trade ativo:

Added 50 more

Comentário:

Closed out all positions except holding the VIX calls. POP SOON IMO

Comentário:

Yeah nice EOD covering rally... expect more of same Fri

Trade fechado manualmente:

I sold em all for a nice small pop, Friday Am surprise, look for re-entry soon. Prefer to hold nothin over long weekend!

Trade ativo:

Going into cheap September trade buying $17 calls for $1.80, just ten. No big lots over the weekend, just to see if it pops Monday!

Comentário:

Got ten more for $1.75 and added ten $16 strikes for 2.35, ITM. Probly too much already.

Trade fechado manualmente:

Made another quarter off these so I dumped them, hold nothing over weekend, GLTA!