On August 28, we predicted an imminent volatility breakout and placed a two-way bet on the S&P 500 in our trading account (see the original post and subsequent updates here: Now Better Bet on Both Directions of the S&P 500 (Using Options)).
At the market open on September 3, we further increased our bet by establishing a VIX straddle.
That day, volatility surged as expected, with the VIX closing up 31%. We closed the Call side of the straddle that evening, achieving a 69% return in one trading day, even when calculated based on the total cost of the straddle.
Today and tomorrow, the U.S. will release several key economic reports. We still expect the market to experience significant moves (up or down), so this remains an ideal time to use the straddle strategy to place a two-way bet. We will continue to update on the progress of new trades.
Good luck trading!