Vix to 90 in March
So I should have posted my play beforehand but it worked well so I am pleased. I am going to summarize what it was and then move on to explain phase 2.
My play. It was obvious to me that vix was consolidating for a move up. I was waiting for breakout around 18 before buying. The pop to 25 was massive and i bought then with the target of 47. It worked like charm and even my timetable by the day was perfect. (If vix touches 36 i have a one day rule. Basically that the very next day i should expect 47, if not i sell out no matter what because it indicates momentum is lost.) Made a nice profit and now moving on to Phase2!
Phase 2: It is clear to me that this is not a regular vix pop that will get shorted back down. We are now in a consolidation period for the next few days before we start our next leg up! I started to pick up more vix calls on the late day drop yesterday and will continue to buy more as the market breathes for moment before continuing down. My logic is seen in the post. You have a monthly macd breakout above 0 as happened in 08' along with 70 RSI. My favorite signal the ichimoku cloud, is also showing that we broke out from the cloud on the monthly.
squeezemetrics shows that gamma is through the floor so volatile markets are expected with alot of chop. But the freefall is only in pause in my opinion, gearing up for the second drop.
GL to everyone and I am always happy to answer any questions!
My play. It was obvious to me that vix was consolidating for a move up. I was waiting for breakout around 18 before buying. The pop to 25 was massive and i bought then with the target of 47. It worked like charm and even my timetable by the day was perfect. (If vix touches 36 i have a one day rule. Basically that the very next day i should expect 47, if not i sell out no matter what because it indicates momentum is lost.) Made a nice profit and now moving on to Phase2!
Phase 2: It is clear to me that this is not a regular vix pop that will get shorted back down. We are now in a consolidation period for the next few days before we start our next leg up! I started to pick up more vix calls on the late day drop yesterday and will continue to buy more as the market breathes for moment before continuing down. My logic is seen in the post. You have a monthly macd breakout above 0 as happened in 08' along with 70 RSI. My favorite signal the ichimoku cloud, is also showing that we broke out from the cloud on the monthly.
squeezemetrics shows that gamma is through the floor so volatile markets are expected with alot of chop. But the freefall is only in pause in my opinion, gearing up for the second drop.
GL to everyone and I am always happy to answer any questions!
Trade active
Look at all the vix long ideas start flowing after everybody was short and ignoring my play lol. Market never lies. I am still in my longs and awaiting my targets. Today is a sad day for the market regardless and i am disappointed in the factors that lead us to this point. GL everyone and trade smart.Trade active
Sorry guys. Keep forgetting to update my positions here. I sold almost all my calls for 2256% profit at 82ish on march 19th. I have a very small position left and also added a small put at 50. Planning to sell in the 49-54 range and add more longs. GL and trade smart! VIX hasnt finished yet!
Note
This morning at market open I sold my VIX puts for 300% and loaded up on more calls. GL we are just getting started. I plan on continually playing these swings.But VIX hasnt peaked yet IMO. GL!Trade closed: stop reached
Sorry for never updating this. i just dont use tradingview. Anyway i got out of all calls for a loss and have been sidelined and watching since April 27th. Will publish a play on my ideas soon. Still very bearish on market and looking to long VIX.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.