Quote:
Originally Posted by Gogar
Late last week I rolled out all my calls to at least 2016 and rolled a few of them down. Mainly DIS and GILD and NFLX. GILD and NFLX are killing today so that's nice. I got stopped out of a few of my non-divy stocks.
For fun, I am long SVXY. Seems like a no-brainer.
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Be careful with the SVXY. I've looked at a few ways to trade the VIX, but every ETF I've ever seen has terrible tracking error to the VIX. It's been my experience that most ETF's that use the futures market fail to correlate closely with the underlying.
Just sucks to have the trade right, but the mechanism you use doesn't represent the real world.
If you think Vol is too high you might be better served just selling a straddle in the SP500.