Volatility may have bottomed today.

We got the retracement back to the 2900 magnet I was looking for after today’s action. We haven’t gotten strong follow thru below this level yet. A lot will change after opex and we could still get one final leg down in Vix before a stronger bottom. This “may” be it but the best

This was one of three hedge strategies I posted on VIX: The position is selling the 5/15 VIX 35P @ $8.00 and buying the VIX 30P @ 3.83 (2 contracts for every one sold)..."These expire Friday and take in a credit of about .34 cents on about 1000 contracts so about $25,000 if VIX

goes above $35 by Friday. If Vix goes lower he has 2 to 1 exposure on the 30 puts completely paid for so he will make money on any downside as well. He will only take a big loss if they expire with VIX @ $30 on Friday which would put the ratio put buy at zero and his sale at

$5 ($35-30= $5-$0.34=$4.66). Max loss. The chances of VIX staying at $30 by Friday are very very low considering the current levels it's sitting at. It's either going to explode or retrace the gap not likely much room in between

@BluedeerC Ratio spreads would be helpful, not too many people sharing the setups on those

@BluedeerC Please post. Been difficult to play SPY the past few weeks

@BluedeerC Why go short when the fed will do whatever it takes to prop up the market? They have unlimited firepower, the government also has unlimited firepower, the market is rigged to the upside. Pe ratios and overvalued has no meaning if the fed is pumping out money

@BluedeerC Tks. Ratio spread positive carry