$SPX $VIX trade setup

4 мар. 2023 г.

First, let's take a look at the calendar over the next couple of weeks and before FOMC
- 3/10 Nonfarm Payroll (NFP)
- 3/14 CPI

Data the Fed will need for their next big decision, will they stick to 25bps or push forward with a 50bps.

This past week, the SPX was able not only to hold the 3940 200DMA but also reclaim prices above 4000. Time will tell if we continue grinding higher into FOMC, but at this point our job is to look for a way to defend our portfolios against another 5% drawdown.

With the VIX being so close to the lows of the year, it might be good time to play defense. June 30/40 VIX got some really good volume last couple of days, as of Friday they traded at $0.69 and the $20 Calls expiring Marth 15th starting to look attractive.

After closing our SPX Call Credit Spread 4400/4450 for some nice 70+% profits, and now with our 3800/3750 Put Credit Spread at 40% maybe it is time to switch and build a position on the VIX.

See more at carlosmolina.io

11 мар. 2023 г.

Заметка

Per plan, Friday VIX Calls and Put Credit Spreads were closed for a very nice profit.