Leap OTM $VIX Calls

[CopingGymcel]

I'm throwing hundreds a week into leap OTM $VIX calls.

The Iran war is obviously just going to get more intense and impactful, especially as other countries get involved or when China finally decides to rape Taiwan as America depletes its resources and kinetic capability.

The price of crude oil will continue to increase, along with it the price of literally everything.

The market volatility index ($VIX) has been elevated above its mean for a few weeks, (it's at 30 right now) which is pretty similar to it's behavior right before the 2008 crash. Luckily I've been buying my calls since $VIX was around 15 in December.

Since the contracts expiration date is so far out, I can wait months for a huge $SPY move down. If I were to buy $SPY puts, I'd have to be precise with my timing before the inevitable market crash in case of a short term reversal upward.

I'm already up a few grand. The markets will crash, volatility will reach unprecedented levels and I'm going to make a fuck ton of money.

 

[Lightclein]

I'm throwing hundreds a week into leap OTM $VIX calls.

The Iran war is obviously just going to get more intense and impactful, especially as other countries get involved or when China finally decides to rape Taiwan as America depletes its resources and kinetic capability.

The price of crude oil will continue to increase, along with it the price of literally everything.

The market volatility index ($VIX) has been elevated above its mean for a few weeks, (it's at 30 right now) which is pretty similar to it's behavior right before the 2008 crash. Luckily I've been buying my calls since $VIX was around 15 in December.

Since the contracts expiration date is so far out, I can wait months for a huge $SPY move down. If I were to buy $SPY puts, I'd have to be precise with my timing before the inevitable market crash in case of a short term reversal upward.

I'm already up a few grand. The markets will crash, volatility will reach unprecedented levels and I'm going to make a fuck ton of money.

what broker do you use? And how did you learn about the calls and puts?

 

[Lightclein]

I'm throwing hundreds a week into leap OTM $VIX calls.

The Iran war is obviously just going to get more intense and impactful, especially as other countries get involved or when China finally decides to rape Taiwan as America depletes its resources and kinetic capability.

The price of crude oil will continue to increase, along with it the price of literally everything.

The market volatility index ($VIX) has been elevated above its mean for a few weeks, (it's at 30 right now) which is pretty similar to it's behavior right before the 2008 crash. Luckily I've been buying my calls since $VIX was around 15 in December.

Since the contracts expiration date is so far out, I can wait months for a huge $SPY move down. If I were to buy $SPY puts, I'd have to be precise with my timing before the inevitable market crash in case of a short term reversal upward.

I'm already up a few grand. The markets will crash, volatility will reach unprecedented levels and I'm going to make a fuck ton of money.

?

 

[Banned User]

?

he's using robinhood buddy

 

[CopingGymcel]

what broker do you use? And how did you learn about the calls and puts?

I'm using Robinhood. I've accumulated knowledge about options over the years, but I first heard of them in 2021.