Bought to open VIX 7/20 expiration $32.50 strike calls


Bought 40 contracts of VIX 7/20 expiration $32.50 strike calls at $0.40. Total cost including commission is $1637.99, or $0.4094975/share.


This is simply a hedge I am putting on instead of the SH long position to cover the residual probability of a Brexit. The expiration is selected relatively far away, because I think that in the event we do get a leave” vote, volatility would expand and prices would trend down for a while. So this is meant to take advantage of that.

June 23, 2016 at 3:43pm · VIX · buy to open · options

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