Time to Bet on Both Directions of the S&P 500 with Options

[larryatgc]

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Now Better Bet on Both Directions of the S&P 500 (Using Options)

The volatility surge in early August provided a textbook opportunity to trade the VIX (derivatives). The VIX soared from 15 to a peak of 65.73 in just nine trading days. During this period, we shorted the S&P 500 Put options, easily doubling our profits on two consecutive trades. After the VIX peaked, shorting volatility (using options on VIX derivatives) also yielded decent profits, with two weeks of trading resulting in a total return of over 100%. [20240807-20240819 Shorting Volatility] Th…