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American Capital Agency Corp. Message Board

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  • Hi Doc,
    Would you mind sharing your VIX trade?
    I'm trying to understand why you wrote puts when the underlying was high last week ( in the 20's)... Wouldn't it make more sense to write the puts when the underlying is low but you anticipate a rise?

    Thanks,
    Igster

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    • Igster, Doc will clarify, but I'm pretty sure he wasn't talking about VIX puts. I think he was saying that he sold puts on various stocks when the VIX was high (when this happens, all option implied volatilities are generally high).

      • 2 Replies to ephort
      • Ephort, you are probably right, thanks...

        This got me thinking on trading the VIX, surely with the debt theater coming soon the VIX will go up again, no? I looked up the VIX symbol on my brokerage , nothing came up, but I found VXX that trades similarly to VIX, yes?
        So, what about shorting puts on VXX with march expiration and covering when the debt theater starts. Any thoughts or ideas?

        Thanks,
        Igster

      • Thanks ephort, I'll check out SPY and do more research. VXX looks scary on the 2 year chart, I won't touch that..
        I'm all cash now so I've been researching ideas for the next trade, I won't chase AGNC, but want to take advantage of the next political drama scare in the markets.
        Igster

 
AGNC
23.13-0.06(-0.26%)11:37 AMEST

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