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Wealth Adventures

Wealth Adventures

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👁 7,646 views

What is the VIX? How low can we go? Basics of using the VIX with options. Long Straddle example.

Video Overview & Insights

Basic video on the VIX. It has been on the decline for the last 8 months. Will it continue? What does it tell us?

Your explanation on how the VIX impacts options was great but what about stocks? If the VIX is high or low, how does it impact price of stocks?

— @jboy1757

Tom Sosnoff video (Risk Velocity):

https://www.youtube.com/watch?v=-DxFAUEF0kw

3 Months in the VIX has been poking its head above 19.. woof.

— @echoeversky

Project Finance (VIX Index Options):

https://www.youtube.com/watch?v=AJGEmICHMB8

In the grand scope of investing utilizing the VIX for investing, where do you stand on the SVOL ETF? As investing long-term using the VIX as an indicator is not recommended, does something like SVOL warrants only shorter-term investment even with the 16.88% Dividend Yield (TTM) and solid monthly distributions over the past 2 years? What is the best timeframe there to jump in or out? It is one of the best income drivers in my portfolio and has a tremendous P/E ratio. I'd hate to lose it. Great video!

— @Greenmick6982

Thanks for watching!

SEEKING ALPHA AFFILIATE LINK:

Sorry , my second question : I am not familiar with this LONG STRDEL ( as far how to roll or Exit ) , so , can I generate two separate order 1) BUY one contract of CALL option at the money 440 $ with expiration date of jul/19/2023 2) Buy one contact of PUT option ( separately ) at the money 440$ ) with same expiration data July /19/2023) ??? what are the advantage of doing " Straddle" rather than doing two separate orders ? please kindly advise

— @ampiciline

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Hello coach , I am so sorry to ask this question I am very new to option ......at ( 8:00) , why did you select 12 $ as your strike price for your simple buy CALL option when VIX share price is 13.54 $ ? isn't in a simple buy ( CALL) option we HAVE to be out of the money or above strike value ???? I though we only do this ( in the money ) when we are trying to do one leg of ( poor mans cover call ) ??? Please clarify , why did you select 12 $ as your strike value .( i am very confuse NOW )

— @ampiciline

https://www.sahg6dtr.com/7GQSPJ/R74QP/

As an affiliate of Seeking Alpha, I do receive compensation for signups with this link. My opinion is my own and does not reflect those of Seeking Alpha and this video is not a recommendation or advice for any particular security.

I bought a vix call last week, just one contract, the 15 call a couple months out, just in case

— @briangemmet3567

OPTIONS AI AFFILIATE LINK:

https://www.optionsai.com/

Great video for the current market behavior. I'm thinking about rolling my $220 December 29 Puts of QQQ to $285 as soon as we give back some of the gains next week. What do you think?

— @Reza16888

Promo code DAVEWA - Commission free trades for 1 month and a free IRON CONDOR.

0:00 Intro

Thanks for the explanation. I was wondering why premiums sucked so bad lately. I'm finding that the premiums for the QQQ vary widely on a day to day basis. Any idea how the VIX effects QQQ premiums?

— @jonyoder2356

3:24 VIX and Option Premium

4:12 Long Straddle Example

When the Vix was low 16’s I mentioned the possibility of buying a long call. Your response was be very careful because although the vix is below its average value, that doesn’t mean it can’t go lower. Those were some wise comments! Happy that I listened. Thx for that Dave. But now I’m looking again thinking that this tech run has to stop at some point. Or does it??? Maybe not this week or next but I think we’re getting close. Probably when we start seeing bad economic numbers that would indicate a hawkish move. Now inflation dropped a bunch. An anomaly? It it hadn’t we probably would have seen a 25 basis point move based on the prior not so good economic numbers. So here we are, back at the crap table. With the dice? Or against? That’s why you’re doing a spread. Good luck.

— @jamesec1949

7:49 VIX Index call options

8:48 UVXY and VXX

Implied vol is low now, because realized vol has been so low. If realized continues to stay low and this straddle just burns theta, maybe a small hedge you can do is put on a butterfly right here too. Haven't looked at risk profile yet for that.

— @tomlauhon2240

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