Entries by Tony

Options Trading Ideas – 4.12.2020

A couple of options trading ideas for the upcoming week. As always, I wrote these ideas for my own record-keeping to summarize my thinking and as a way to communicate with other options traders to exchange information. It is not financial advice or solicitation. Please do your own due diligence if you do decide to […]

Options Trading Ideas – 4.1.2020

VIX is very high right now and trading VXX and UVXY alone seem to be a pretty dangerous thing to do (at least from my own perspective). I decided to venture out and looked for some ideas that could also benefit from the higher VIX. In other words, I looked for ways to profit from […]

My Volatility (VXX, UVXY) Trading Strategy In 2020

After testing out the gap strategy with SPX, which did not work as well as I hoped for, I have decided to get back to the basics. Trade what I know works the best. I keep breaking my own rules by trading unfamiliar stocks and I feel like I am just going in a circle. […]

Why Options Trading Is Not Gambling In My Opinion

When I tell people that options trading is not gambling, some laugh. Especially those who do not understand how options trading work. News only reports someone who lost a large amount of money trading options and nobody talks about someone who makes living on options trading, because it’s boring. In this video, I explained why […]

What Does It Mean To Be Succesful In Life?

When I was small, my parents used to tell me to study hard, get good grades, and go to good schools. I was raised in a typical Asian family environment by typical Asian mentality parents. Working hard, was the spine of our lives. My parents dreamed of one of their kids to become a doctor. […]

Closed VXX(B) Credit Spread On The Day To Say “Good Bye VXXB, Hello VXX Again”

May 2nd, 2019. On the day VXXB was changed back to VXX, I managed to close the PUT credit spread VXXB positions that I opened in April. I have never encountered to trade options on the day an underline symbol changed so this was a pretty interesting experience. Open interests were all zero because it […]

What VXXB Options Strategy I Am Trading In 2019

Goodbye VXX, hello VXXB. It has been an exciting ride with VXX in the last few years since I discovered how to trade VIX. After writing this post about if VIX would go up or down in December 2018, then VIX spiked up and up all the way to January 2019. This has really opened […]

Will VIX Go Down In December 2018?

“Will VIX go down in December?” This question has been circulating in my head since early November, especially when VIX spiked up to above 20 around November 13th again despite it started heading down south a few days prior. I have open positions for December expiration options shorting VXX and UVXY so my hope is […]

Is Selling VXX PUT A Good Strategy?

Short selling PUT is done when one is expecting the underlying equity would go up. As I mentioned in this blog post, this would be one of the strategies to trade VIX and VIX Exchange Traded Products (ETPs) such as VXX and UVXY. However, considering VIX and VIX ETPs are most of the time in […]

Why Holding On To My VXX Bear (Debit) Put Spread As Of September 18, 2018

I am writing this post to document the latest VIX ETN (Electronic Traded Note) trades, as I mentioned in this previous blog post that I would be focusing on moving forward. In case if you are not familiar with VIX ETNs, VXX and UVXY are the famous ones. VIX spiked in early September so multiple […]

Options Trading Strategies – What Am I Trying To Achieve?

I started this blog last year thinking to use it as a trading diary. As you can see I posted a few posts here and there but eventually stopped. One of the biggest reasons was that I did not believe in what I was doing. Especially when it ended the year with a negative PNL […]

10.29.2017 Update – Short Strangle On Options With Longer Days To Expiration

It has been almost 4 months since I started this strategy and as of now it is looking promising as far as winning ration goes. Since the strategy requires high IV percentile, most of the trading activities happen around earning seasons. The strategy is to get out as soon as one of the following criteria […]