Chapparal Steel

The VIX settlement this morning was at 13.03.  I covered my short Sept 13 put for $0.05 on Monday, and remained long the Sept 15/19 call spread for $0.15 into the expiration. It was a …

I discussed our long Sept VIX structure in a COO post on Thursday, including the following thoughts: This structure is worth around 0.05 at the moment, so essentially flat from initiation, as Sept VIX futures …

Towards the end of June, when the spot VIX was around 12, we placed our preferred long VIX futures trade with an eye on September. Here was the trade and rationale: TRADE – Sell the …

After a string of success, our most recent trade in the VIX was a loser (full post here).  However, the process behind this trade is more important than its most recent outcome.  We hit an …