What is this saying in relation to your play?
You bought CBOE calls at these levels for July? what's your strike min? and expiration date?
You'd need to go back to 2011 to find those levels for that time period before covid Or 2020... you'd be talking about an extended option buying period meaning you'll need waves of bad news to hold a 25 for a month..
No doubt you know what your doing....Ummmmm or maybe not.
"That FANG buying at the bottom"
Sorry, we're not playing the hedge. Also, we are not capped...these guys were. Although they have a ton more contracts in play, ours are unlimited and the fall/rise will move past the current driving my VXX plays. I also have plays in QQQ and SPX. When the options mature, if they haven't popped we just roll it over and re-buy.
When I refer to "we" I am referring to myself and my investment partner.
In relation to my play....
Consumer Index report came out today - price of goods is more than double the increase they suspected....inflation is coming. The Fed chairman is full of shit.
Small businesses closed at a record high in February. We are on the cliff of recession.
Light trading is driving the market...the big houses are sitting. SPY only had 30 million transactions per day this week....a third less than normal.
I truly don't give a fk what you think. Less is more sometimes.
If you have enough action to play the volatility, the signs have never been clearer than they are now. We are playing the funds straight up.
The FANG buying at the bottom....now that's rich. People holding the FANG stocks will be looking for a life line as those stocks are inflated, possibly 5x value. When those stocks dive, the volatility will explode.