t******t
发帖数: 121 | 1 There is no way to lose if you long VIX when it is at 5 years low. |
c*********o
发帖数: 8367 | 2 and I would say you may lose a lot! LOL
【在 t******t 的大作中提到】
: There is no way to lose if you long VIX when it is at 5 years low.
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K*****s
发帖数: 569 | 3 good luck. buy before you understand it
【在 t******t 的大作中提到】
: There is no way to lose if you long VIX when it is at 5 years low.
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h**v
发帖数: 2010 | 4 thanks 两位大牛
co buy
【在 K*****s 的大作中提到】
: good luck. buy before you understand it
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r***l
发帖数: 9084 | 5 lz is right theoretically, but problem is, there is no way to trade vix. vix
is a pure mathematical index instead of a traded index. Yes, you can trade
vix future, but you know, future is totally different animal....
uvxy/tvix are based on vix future. However, because of numerous reasons,
uvxy/tvix can only track vix on some level and keep dropping if market is
stable or rising while vix fluctuates, which means, even say next week, vix
rises 5%, uvxy will still lose x%.
Conclusion, no way to buy vix directly and buying uvxy/tvix is like suicide
(big position shorting uvxy/tvix is also suicide....) because of decay
problem. So just forget it. |
d********1
发帖数: 3828 | 6 Decay不准确。应该叫Contango。
vix
trade
vix
suicide
【在 r***l 的大作中提到】
: lz is right theoretically, but problem is, there is no way to trade vix. vix
: is a pure mathematical index instead of a traded index. Yes, you can trade
: vix future, but you know, future is totally different animal....
: uvxy/tvix are based on vix future. However, because of numerous reasons,
: uvxy/tvix can only track vix on some level and keep dropping if market is
: stable or rising while vix fluctuates, which means, even say next week, vix
: rises 5%, uvxy will still lose x%.
: Conclusion, no way to buy vix directly and buying uvxy/tvix is like suicide
: (big position shorting uvxy/tvix is also suicide....) because of decay
: problem. So just forget it.
|
r***l
发帖数: 9084 | 7 decay is layman's terms....
also, contango is the fundamental reason, direct reason is uvxy/tvix price
roll over based on the new vix future contract.
【在 d********1 的大作中提到】
: Decay不准确。应该叫Contango。
:
: vix
: trade
: vix
: suicide
|
m********o
发帖数: 2088 | 8
vix
trade
vix
suicide
You can trade VIX option directly.
【在 r***l 的大作中提到】
: lz is right theoretically, but problem is, there is no way to trade vix. vix
: is a pure mathematical index instead of a traded index. Yes, you can trade
: vix future, but you know, future is totally different animal....
: uvxy/tvix are based on vix future. However, because of numerous reasons,
: uvxy/tvix can only track vix on some level and keep dropping if market is
: stable or rising while vix fluctuates, which means, even say next week, vix
: rises 5%, uvxy will still lose x%.
: Conclusion, no way to buy vix directly and buying uvxy/tvix is like suicide
: (big position shorting uvxy/tvix is also suicide....) because of decay
: problem. So just forget it.
|
B**********r
发帖数: 7517 | 9 Yes. There are VIX index options. They can be use to hedge.
【在 m********o 的大作中提到】
:
: vix
: trade
: vix
: suicide
: You can trade VIX option directly.
|
L*******n
发帖数: 3169 | 10 still contango in vix index options.
【在 B**********r 的大作中提到】
: Yes. There are VIX index options. They can be use to hedge.
|
|
|
d********1
发帖数: 3828 | 11 vix option其实是跟futures关联的，而不是vix本身。vix option不像普
通option可以exercises。它的“money”不是在vix上，而是在相应的vix
future上。大家去看一下目前的下个月的option就明白了，“money”在14和
15之间，而现在的vix是12.4x。
总之vix本身是没法有效地交易的。所以以为它现在低想抄底的可以歇歇了。
【在 L*******n 的大作中提到】
: still contango in vix index options.
|
p*******o
发帖数: 1464 | 12 赞讲的清楚。
vix
trade
vix
suicide
【在 r***l 的大作中提到】
: lz is right theoretically, but problem is, there is no way to trade vix. vix
: is a pure mathematical index instead of a traded index. Yes, you can trade
: vix future, but you know, future is totally different animal....
: uvxy/tvix are based on vix future. However, because of numerous reasons,
: uvxy/tvix can only track vix on some level and keep dropping if market is
: stable or rising while vix fluctuates, which means, even say next week, vix
: rises 5%, uvxy will still lose x%.
: Conclusion, no way to buy vix directly and buying uvxy/tvix is like suicide
: (big position shorting uvxy/tvix is also suicide....) because of decay
: problem. So just forget it.
|
B**********r
发帖数: 7517 | 13 One question: If VIX options are based on VIX futures, then the "money"
should drop due to contango. If so, "money" should be well below the current
VIX value of 12.4x. Why is it between 14 and 15?
【在 d********1 的大作中提到】
: vix option其实是跟futures关联的，而不是vix本身。vix option不像普
: 通option可以exercises。它的“money”不是在vix上，而是在相应的vix
: future上。大家去看一下目前的下个月的option就明白了，“money”在14和
: 15之间，而现在的vix是12.4x。
: 总之vix本身是没法有效地交易的。所以以为它现在低想抄底的可以歇歇了。
|
t******t
发帖数: 121 | 14 谢谢各位的回帖。本主题抛砖引玉的作用已达到。
如何利用低VIX进行option操作,无需我啰嗦，Buy Call if want to long, , Buy Put
for your hedge. Options price is dirty cheap right now if it is not Apple or
Google...
I have no interest in recommending specific option trading, but would like
to share some information:
1) FA: US Debt ceiling limit, will happen after Feb Expiration, but before
March OE day. Consider calendar spread since VIX will go up.
2) TA: NOKIA resistance at 5, buy put if have position.
3) next week, big ERs for apple, google and msft. Remember to hedge. |
T**y
发帖数: 1024 | 15 contango 不是这个意思。
current
【在 B**********r 的大作中提到】
: One question: If VIX options are based on VIX futures, then the "money"
: should drop due to contango. If so, "money" should be well below the current
: VIX value of 12.4x. Why is it between 14 and 15?
|
B**********r
发帖数: 7517 | 16 Doesn't it imply that VIX index should be up? Since the VIX is currently 12.
41, and the VIX option "money" is between 14 and 15.
Can anyone explain?
【在 T**y 的大作中提到】
: contango 不是这个意思。
:
: current
|
d********1
发帖数: 3828 | 17 大家看涨就是 contango。大家认为下个月vix要涨到14-15，所以vix下个月的option
money在那里，而不是在当前的12.4x。这就意味这把本月future滚到下月要多花近两块
钱，这就是vxx总是在跌的原因。
股票即使大家看涨option的money也是在当前价格，原因是股票可以交易，因此money脱离
当前价格会造成arbitrage。
12.
【在 B**********r 的大作中提到】
: Doesn't it imply that VIX index should be up? Since the VIX is currently 12.
: 41, and the VIX option "money" is between 14 and 15.
: Can anyone explain?
|
B**********r
发帖数: 7517 | 18 You are right. And the index options can only be exercised on OE, in cash if
ITM.
脱离
【在 d********1 的大作中提到】
: 大家看涨就是 contango。大家认为下个月vix要涨到14-15，所以vix下个月的option
: money在那里，而不是在当前的12.4x。这就意味这把本月future滚到下月要多花近两块
: 钱，这就是vxx总是在跌的原因。
: 股票即使大家看涨option的money也是在当前价格，原因是股票可以交易，因此money脱离
: 当前价格会造成arbitrage。
:
: 12.
|
m********o
发帖数: 2088 | 19
12.
VIX option is European style and that is why it is tied with the price at
expiration and not to the spot VIX.
【在 B**********r 的大作中提到】
: Doesn't it imply that VIX index should be up? Since the VIX is currently 12.
: 41, and the VIX option "money" is between 14 and 15.
: Can anyone explain?
|
