I am still long June calls on the $VIX, but my timing is off.  Today I added June calls on $SPY to gain some exposure to the S&P and hedge the $VIX exposure.  I should have done this to begin with but I thought I was hedged enough with some of my other long equities.  Now I can afford to wait longer for the $VIX and $SPY to converge, at which point I will sell the $SPY calls of course.

This entry was posted in trading and tagged . Bookmark the permalink.

One Response to 2/19/12

  1. bw113 says:

    Day after I write this $VIX up 19%! Nice to see some normal volatility. Had to sell the $SPY options quick but overall great day.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s