Volatility and the VIX
since the market has started a downturn i have been getting options and going long on the VIX, the VIX has an inverse or opposite running pattern than the S&P 500 so if the market is down the vix is up if the market is up the vix is down. So if the market is going to be going down then i am hedging for the vix to go up, and it seems to be working out. it seems to pay the most and be safer if u can afford to go a ways out rather than something expiring soon, also when u hit profits hop out dont hold the bag until expiration unless ur definitely in the money and want to exercise ur options. i say this because with volatility its like the wind u never know which direction its going to go the next minute. u can be up 1000% and down 300% in a matter of minutes. good luck y’all stay green!
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Master Mason OP : <not financial advice>