VIX Bottom played out

16 Mar 2021

VIX bottom play for the next 7 days.

Don't use any technical indicator on VIX if it's too low, just move:



I don't need big timeframe to playing this out, so 7 days is far enough.

• Max profit: $90
  
• Probability of Profit: 47%
  
• Profit Target relative to my Buying Power: 42%
  
• Buy Power: $210 (max loss without management)
  
• Max loss with my risk management: ~ $100
  
• Tasty IVR: 11.3
  
• Expiry: 7days
  
  

Buy 3 VIX Mar24' 19 Call
Sell 3 VIX Mar24' 20 Call
Debit call spread for 0.7 debit each


Stop/my risk management: Closing immediately if daily candle is closing below $19

Take profit strategy: I'm taking at the 75% of max.profit in this case with auto sell order. (at 0.95 credit)


If you liked this article, check my other ideas.

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23 Mar 2021

İşlem kapandı: hedefe ulaştı

Missed the top (spread 0.01cr fck...) closed manually at 0.89cr in profit ;)
$56 profit in one week. 26% profit on my position capital.