/biz/ - Business & Finance

>>52865643
I just buy VIX options directly through my broker on the actual VIX futures themselves rather than using an intermediate ETN like UVXY or whatever. Trading the VIX complex directly gets you a much more fine grained accurate trade than using one of the ETNs that have some rolling algorithm. UVXY, UVIX, and VXX roll the first 2 months of VIX futures so you are never fully in either month for example.
The best way to look at the VIX contracts is each month is its own entity that while related to the other months isn't the same as them at all. Usually what I do is wait for the market to pump when FOMO gets frothy and retail is really digging in, see the Dow right now for a good example. European stocks are at maximum intensity presently too. Then I watch the furthest expiring VIX options (August 2023 as of today) for a good entry based on my trading system. I'll ride that 8th month contract, adding more call options along the way on dips, as long as it takes until the market dumps and the VIX pumps at which point I get out for a nice profit. Wash rinse repeat. My next entry for August VIX futures is when the price gets down to 26.25 (pic related) which hopefully will be soon.