Vix option

Long Vix with Credit：Sell (middle term) Put+Buy Call.

Risk: If vix stays under strike price for next few month (not likely！), you will lose the premium paid for the call.

Reward: If Vix spikes above the strike price, sell the Call and buy back the puts to lock profits.

Symbol Last Change Vol Bid Ask Open Int. Symbol Last Change Vol Bid Ask Open Int.
JUN
VIXFC 0.45 -0.05 1,647.00 0.40 0.55 47,046.00 15.00 VIXRC 2.05 +0.15 100.00 1.95 2.10 9,786.00

July
VIXGC 1.14 -0.06 78.00 1.10 1.20 28,996.00 15.00 VIXSC 1.90 -0.02 8,030.00 1.85 1.90 13,264.00

Aug
VIXHC 1.60 522.00 1.55 1.65 12,700.00 15.00 VIXTC 1.95 -0.05 300.00 1.90 2.10 5,184.00

Sept
VIXIC 1.95 +0.11 46.00 1.80 1.95 15,329.00 15.00 VIXUC 1.95 15,000.00 1.90 2.15 15,000.00