Tuesday, October 12, 2010

VIX


I am sure everyone is looking at this. This comes the very day i bought protection. The plan is to buy the puts hold the stock. Then when the vix spikes sell covered calls to help finance the puts. The calls will be near month out of the money calls.


This trade could be profitable on the upside and the downside. May even purchase more VXX puts on any spike.


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