On December 19th (below) we placed a bearish trade in the Nasdaq 100 (QQQ) with the intention to sell some premium on a short dated basis in an effort to help finance the purchase of …
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As we’ve mentioned on a couple occasions our preferred structure into year end has been slightly bearish put calendars that looked to take advantage of the high likelihood that the market would creep to highs …
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Despite the recent bout of volatility across almost every major risk asset in the world, it has been my view that U.S. equities were likely to close at or near the highs for the year, …
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After what has felt like an endless string of new highs in the airline stocks for the last month the sector hit an air pocket today on the heels of just OK November traffic data and …
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On February 5th, near the height of the most recent vol spike (below) we decided to take off half of our long vol structure and let the other half ride in case of more volatility …
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We went over our VIX sturcture yesterday (below) and with the market down this morning and the spot VIX back over 20, the structure is trading about $2. So from a risk/reward perspective it makes …
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In December we re-initiated our go to VIX portfolio protection trade with the spot VIX around 13.33. With the recent selling in the market and the spot VIX flying higher than 20 yesterday, its a …
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On December 20th we placed a bet on AAPL closing the year above $550 (below) and structuring the trade in a way that would take advantage of decay over the slow holiday weeks. Here was that …
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Just after the latest FOMC meeting we re-initiated our go to VIX portfolio protection trade with the spot VIX around 13.33. Since then the market has done nothing but rally and the spot VIX has …
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On what was likely to be a slow news night in what was likely to be a quiet week of trading, the Twittersphere (and I suppose other ‘spheres) lit up like a Christmas tree with …
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