RE: 8/8/17 VIX volatility "mythical" $1000 trading account (part 2)

[joejustjoe]

8/29/17 12:48 PM EST: 1 PM "sell hour" rapidly approaching plus the VIX already signaled a short term buy here at the 11.84 LOD, plus Greg Mannarino says he went long the Q's. Need Isay more? :-) I'll use my $155 profit to buy 6 VIX $12 calls that expire tomorrow at .25 ea. Cost of trade is $150.00.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=44&y=17&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Comments

[joejustjoe]

8/30/17 update: Not sure what the final price was on these VIX calls as I wasn't tracking pricing that closely until UVXY hits my sub $30 target. I will log the trade as a complete loss, leaving my VIX trading account with a $5 gain.