trefoil
Registered: Mar 2007
Posts: 3381 |
03-14-12 09:36 PM
OK I was just - and still am - fooling around with VIX options call spreads, mostly shorting em cause of the crazed premium of April, especially, over spot right now. Fell in a few weeks ago to "short" the market, noticed the wild premium, and have stuck around to do this instead.
I've gone through the history and I think this is probably as far above spot as the futures have been on a closing basis with expiry coming up in the range of the mid 30s in terms of days.
Sooo.... since you guys seem to know what you're doing here with VIX, am I being crazed or do you think we're in for some interesting reversion to some reasonable mean? I don't want to put on a significant position until I can at least delude myself into thinking I know what I'm doing. (22.10 on April? With spot at 15.31? Like, WTF? At this point, this is the definition of temptation.)
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