I'd like to long 12 VIX calls with January expiration. I'm considering a vertical spread to lower costs, meaning I'll short a higher strike price call, and possibly at an earlier expiration. But I can't seem to find a trade that makes sense. I'm looking at VIX calls as a bear market or down market hedge, considering VIX is at lows.
Posted by jonybgoo
1 Comment
“But I can’t seem to find a trade that makes sense.”
Probably because an 8-month “bear market or down market hedge” based on VIX doesn’t make sense.😉