This is your chance to make a generational trade on the VIX.
All week, I’ve been showing you the VVIX, the index that tracks volatility on the VIX.
The VVIX directly correlates to the price of VIX options – and right now, it’s at lows we haven’t seen since 2014.
That’s almost 10 years ago…
And it’s exactly why I’m issuing an official trade recommendation on the VIX just for Profit Takeover readers.
As promised, here it is…
Buy the VIX February 15, 2023 $22/$32 call spread for $0.95 or less. Sell for $1.95 or more.
Now, this is a call spread. That means you will buy-to-open the VIX $22 call and sell-to-open the VIX $32 call simultaneously for a net debit of 95 cents or less.
Then, once this position hits $1.95, you’ll sell the entire position.
The moment this trade fills, be sure to put in your exit strategy. That way, it will automatically close out when it hits its profit target – you won’t have to do a thing.
I broke down this volatility phenomenon even further on today’s Profit Takeover show. If you missed it, you can watch a replay right here.
Founder, Profit Takeover
January 13 2023