Learning tips from CBOE Seminar trading volatility with VIX and SPX Options or Futures
From the NYC Contact (thanks to him for posting these ideas)
Just got back from a 3 hour CBOE Seminar on trading VIX and SPX Options/Futures
pure statistical based trading
1) sell volatility always
2) VIX always comes down quickly right after a huge spike up
3) the 19 SMA is the best trend indicator for the SPX
4) Sell IRON CONDORS with 4-7 days left till expiration. 10 point wide spreads, width between spreads is 0.5 STD
5) don’t fear the GAMMA squeeze, collect theta and hold into expiration if necessary
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