Last week, I took some VIX calls to hedge my portfolio when the VIX was at 14.10 I took 3 contracts @ $1.50 with a $19.50 strike and Oct 21 Exp. Today, I sold 1/3 contracts for a 25% gain and will continue to hold the remaining 2 contracts Drop your best hedging strategies below in the comments, I'd like to hear others perspectives about this! $SPY
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12 Comments
Jason @retiredjay · 9d
I usually keep it simple and buy Puts on $SPY I have a few that I bought last week expiring the end of this month. Sold half yesterday and plan to hold the rest through the Fed rate decision.
aniF @voldemort0903 · 9d
Call spreads
Jesse Franklin@pinnaclewealth · 9d
Sell 10 delta cover call against positions , buy a put 10% below avg cost of positions . Than sell a Put $5.00 below the short put strike BTO Deep ITM LEAPS on $VIX roll at 10% profit , STO 21 DTE or 50% profit size according to portfolio size BTO PUTS 10% below avg cost of share
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