Update from my $30,000 VIX short – Closed 44x Puts for about a ~$170 loss (close to break even) after having been down about, oh, close to maybe $4,000 on that lot of Puts this week.

    The other 100 Puts that expire in April are down about $5,200 right now, although I've been slinging SPY Calls and Puts the last two weeks like your friendly neighborhood crack dealer, and am way up on those far above and beyond the current unrealized VIX losses; even bagged 12 Benjamin's sitting on the toilet for six minutes last night.

    Still holding ~$20,000 in VIX Puts. Considering going long in the short term as well but I've never been a fan of shorting volatility.

    And seeing as probably 90% of people on this sub told me in my original post the $30,000 SPY Put position I entered before the Iran War cooked off would send me to Wendy's or to Allah himself (walked away with $40,000), I figure there's a good chance that if you reverse the comments on a post in this sub, there's a good chance of leaving with at least some profit, as I did with those original $30,000 SPY Puts. Unless I'm wrong, of course, in which case would you like fries with that?

    https://i.redd.it/rjf9ihugqeog1.jpeg

    Posted by _DangerousFreedom_

    5 Comments

    1. Specialist_Spite5930 on

      Good luck man, it might be a long time before they start printing, so I wish you courage and diamond hand courage

    2. Aren’t vix puts a bad trade since they lose IV while they gain intrinsic? Also have to time the more than a normal option.

    3. VIX looking to test it’s daily golden cross in the coming days. Kind of ominous if it bounces.

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