Volatility Spike Experience

Hello!

I wanted to put a journal up here to see if my method's or theory's withstand the onslaught of criticism this board is known for.

I have recently learned of Larry Connors and a few of his methods around VIX spikes and their correlation to the SPY.

I am a novice and won't pretend to know half of what you long time veterans are talking about. I get lost in the sea of indicators and hope to keep my trading simple.

Utilizing the RSI(4) I look for spikes of 10+pts, then enter the following week's ITM calls. This strategy doesn't occur very often so it won't be an entertaining journal.

Yesterday afternoon I bought in at $1.40 and sold out this morning at $1.90 for a 35% profit.

+30% will be my target for all trades, i'll have a 50% sl in place to preserve capital.

So far 1/1

Thanks all!

CM

 

I saw the VIX spike and set a limit order around 230pm CST that didn't fill. Interesting to see where it opens tomorrow.

 

Bought Sept weekly 12 199c @ 1.8 sold at 2.2 within a few hours.

2/2

Have a good weekend!

 

It would be helpful if you could post fills in a timely manner.

 

Assume you're looking at a daily time frame?

 

yessir

 

GL are you doing SPY or SPX?

 

SPY Weekly Options

 

Should work well until this bull market uptrend slows down.

 

Put a bigger bobber on your phishing lines.