VIX SOQ (VRO) Thread

14.43 this month. I was abnormally busy Monday-Tuesday and didn't manage to trade it.

 

Looking for 16.00 today-- sold the 16 straddle for 0.75. I expect it to be 15.80 - 16.00.

 

15.84 woo hoo

 

Looking for as close to 13.00 as possible. I expect 12.80. Sold the 12 straddle plus a vertical call spread (+12 -13).

 

why do I have to type anything....just wanted to smile...

 

Ooops, I meant to say, I sold the 13 straddle and expect 13.12.

 

Should be much lower, a lot of sellers in the SPX Hoss opening

 

Its out 12.36

 

Ouch
I got 0.55 for the straddle, so I'm out 12.45 - 12.36 = 0.09 there (size 10 = -$90).
I paid 0.80 for the +12/-13 spread so I'm out 0.64 - 0.36 + 0.80= there (size 5 = -$540).
Net -$630.
That call spread was a little dicey considering the max profit was 0.20.
This is the first time I lost money with this trade.
Definitely not the last.

 

Actually I liked your trade even if it didn't work out. The short straddle felt like the right trade yesterday.

You may want to check out participating in the HOSS opening of the SPX options on VIX expiration day. One of the few opportunities for almost free money these days.

http://cfe.cboe.com/data/EOSpage.aspx