Day Trading in Wall Street’s Complex ‘Fear Gauge’ Proliferates

Day Trading in Wall Street’s Complex ‘Fear Gauge’ Proliferates
Each morning, at the market’s open, Seth M. Golden, a former logistics manager at a Target store, fires up the computer in his home office in northern Florida and does what he has done for years: Put on bets that Wall Street’s index of volatility, the VIX, will keep falling.

https://www.nytimes.com/2017/08/28/business/dealbook/vix-trading.html?_r=0

 

bunch of crap ... unfortunately

 

Ex-Target store Logistics Manager got 100M lined up to manage. This stuff doesn't happen at market bottoms.

 

Sounds like the day trading taxi drivers of the "naughties"

 

Is there any doubt what will happen to this guy's "investors," and probably sooner, rather than later...

 

According to the article, his net worth grew from $500,000 to $12,000,000 in 5 years.

 

This so much reminds me of the late 90s when shorting puts was all the rage during the extended bull market. There will be a lot of people taken out in body bags when the shit hits the fan.

 

Ya think?

 

Nothing but fluff by LANDON THOMAS Jr.

 

Sounds good to me...he closes his short vol trade by the close...so no exposure to overnight events and hopefully manages his risk in case of anything happening during the day...congrats to him.