@bigtex66 that’s actually a terrible idea. Mainly due to how much time you’re giving yourself on the options. Vix options aren’t the same as normal equities. Even if you were $5 itm on them when the vix blasts higher, those calls won’t appreciate. I currently am $5 itm on April 2020 $15 puts and they’re still at the price I bought them for. I think vxx is better for making money on vix moves than direct options on vix. Very complicated and still learning myself but this is my current position and experience.
  • 1