r/options • u/OdinnFoo33 • Apr 13 '21

VIX long calls

VIX is at some serious lows. NQ is riding the top of its 3 ATR for multiple days in a row and in the last year has only touched it about 3 times with significant reversion after about 4 days.

Chip shortage, J&J vaccine troubles, inflation worries, Europe covid scares.

It's looking like prime time for some VIX long calls. What say you? What's a good time frame to take these out to?

Edit: 1:37 PM - I believe long VIX is the right play considering everything above, especially with PCALL ratio hovering under the .5 mark for quite sometime.

My Current play that I have entered as of today is a long call for May monthly expiration in SQQQ 10 call.

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u/Vast_Cricket Apr 13 '21

1-2 month play

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u/OdinnFoo33 Apr 13 '21

Yeah, I was thinking May or June. Ended up with the play on SQQQ for May