buying VIX calls here

Interesting combination of supreme arrogance and lack of knowledge.

 

Stop yanking his chains. It is not a bad bet to begin with.

The VIX is scraping the lows and he can get out at +14, +20... easily on a pop. It will take about 40 days before that position starts hemorrhaging.

Of course if he holds out for +30, then he's a Trader.

 

he can't get out at 14 because he couldn't have bought at 11.

 

Not at 14 in the future, but 14 on the index. If it happens within 40 days from now, he will still have a lot of the curve premium in that (future) option.

Don't pull me into this...You...!

 

To Late!!!!

 

So Grizzle... How are those VIX calls doing?

 

Well the March futures were at 16.90 when he "scooped" the up. The futures are 15.80 now. Calls worth a lot less.

 

Hahahahah
Damn! I thought I was bad.

 

I know Mav, They're now about 3.50... so down 2.50 from where he bought...

Just dickin' around here....