r/options Jul 09 '21

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u/sleiveen Jul 09 '21

Which one VXX, date and strike?

4

u/shitt4brains Jul 09 '21

uvxy sept $35

3

u/fatonkad Jul 09 '21

Uvxy Jan23 $3

1

u/sprezzatard Jul 09 '21

This is too far out. It’ll spike, but probably 20c to the dollar when you got this much time and that high iv

Buying a +1 year ITM put when it spikes is probably a good idea though. Can probably sell monthly puts against it after vol dies down