Volatility Views 693: The Theta Clock Ticks for You!
Summary
Host Mark and guests Brian Overby and Henry Schwartz analyze the recent drop in VIX to the 14s following Nvidia earnings and Jackson Hole. Overby highlights the unusually low vol-of-vol, arguing it creates a compelling opportunity to buy VIX premium ahead of September and October. The trio also discusses the rapid decay of volatility spikes, emphasizing the need to monetize upside quickly, and reviews current VIX options flow and term structure dynamics.
Topics discussed
Intro, sponsorships, and show welcome
Guest introductions and Dr. Vicks' absence
Joke about theta clocks and merchandising
Market overview: VIX lows and Nvidia impact
Discussion on VVIX and buying premium strategies
Historical VVIX ranges and pandemic anomalies
VIX term structure and election day contracts
Personal trade: Long VIX 18 strike and monetizing spikes
Challenges of selling calls during vol spikes
Historical VIX spikes and exit strategies
VIX options volume: Top 10 contracts analysis
Daily VIX options flow and strike breakdowns
Recalling last year's VIX open wing fly trade
VIX historical lows and put-call ratio context
Reflections on 2018 vol crash and current risks
SFX options liquidity and call market issues
Levered and inverse VIX ETFs (UVXY, SVXY)
VXX volume and earnings season drivers
SpaceX IPO trade and front volatility spread
Crystal Ball: VIX predictions for next two weeks
Outro, resources, and pro trading crate promotion
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