Hello guys, new fish here I noticed that $VIX is pretty low again and options should be generally cheaper. So I was wondering if smart guys are using straddle or strip as market looks to go bearish more likely. Thank You!
Really guys? My first post and I receive this As I said, I am new about this you could at least give me clues where I'm so wrong. Thanks!
oriole - the def of bad luck: getting banned from ET on your first post. Anyways, you can profit from vol like you mentioned (straddle/strangle) w/ no directional bias or you can play the short side by buying puts or ratio spreads (my preferred strategy due to asymmetric return profile = limited risk/unlimited reward).
you posted about buying cheap vol on a day the market tanks and vol explodes. it was a joke sorry. oh, i expect a check for my losses in my IRA. kthx. are you looking to hedge or make a vol bet? looking directional?