VIX trade for 8/18 exp

atticus you mean a 20/35/50 call fly?

 

Mostly irons, but risking 7.80. I refer to the risk rather than the debit or credit as they're equivalent (C, P, iron).

 

I was too early on this swing. Uncomfortable as I'm away from the tail. Moving stop to 71.50 and looking for 39 or lower by tuesday. It should break much harder than 39 though.

 

Margin troubles across the globe in many products. Rumours about Chicago firm, not often this happens. Usually very, very bearish. Not talking my position...:eek:

 

Cashed in some at 39 to go off to the titty bar for some interviews.

atticus: Do you make these Vix fly plays in lieu of bear plays on the index itself?. They look very very good from reward/risk profile viewpoint, but it seems that getting filled at the middle is a difficult chore, both in and out. No?.

 

I can usually beat mid by 1% or so within 30-minutes of working the order.

 

No, only on convergence.

 

Let's say I'm bearish into mid September, where I will offset. How would you play an allin bet in ES and/or VIX options today?.

 

Bearish VIX or ES?

 

Bearish ES, and all the correlated indexes US and European. VIX will likely increase if it plays out.