The VIX

Volatility

I like getting long Volatility here into June ….equities are up 8 weeks off the low and the 8.6 cycle count matters it’s a derivative of Pi.

I can do more on that later but I think there’s a high probability of a market til this week or next.

So makes sense to position long some Vol and I’m going to do that with options on the VIX in a Call Ratio back spread. That’s where you buy more upside call options and sell a few less at the money or in the money calls against it.

I went out just until June for now on expiration but buying 17 strike and selling 16s for now - I’ll trade it around and add and reduce depending how the market trades next week.