- Thread starter
- #11
I could care less who believes me outside my 6 bank accounts . Trading tip aexman . When the Vix goes over 50 blindly do 2 things . Start scaling long positions . There's 2 ways to do . Buy the positions straight out . Another way is to sell naked outs 10-15% out of the money . Example NVDA a loved stock . It's already had a significant correction . It fell 10% ish on Monday on the open . Vix skying . Put premiums massive . You could sell the sep 80 puts I believe they were . Sell 20 and bring in $10k . The first that can happen is you buy 2 k shares NVDA at $80 . But you brought in $5 premium . So you own at $75 . NVDA $140 high to $75 net I'd own it at . I'll take . NVDA ran back up 20% in 2 days . You can cover the pits at $2 and make a fast 60% or hold till expiration. If stock stays over $80 then you make the whole $5literally nobody believes you.