Comments
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RPI learned a big lesson last time I did this trade. VIX options are different than regular options on equities or etfs as they are based on the forward prices of that month. I put on a call spread last February right before the spike but idiotically bought July 18’ calls to cheapen the price. While I made decent money it was almost 10x less than what I would have made if I owned the front month calls. My euphoria transformed into frustration which led to spending a week reading understanding how these things trade and price. Just wanted to share this so others don’t make my same mistake.
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DSMike Green in an interview on volatility said the ETF trading may be attenuating the VIX. Any comment? DLS