GC: Volatility Bet Succeeded, Now’s the Time to Keep Going with This Strategy

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GC: Bet on Volatility Paid Off, Still a Good Time to Continue This Strategy

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…