Is buying VIX Puts and SPY puts a good strategy to profit off of coronavirus volatility on both sides this coming month?

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There’s a few ways to do this - hedge funds build models on understanding daily return relationships across the two instruments, then look when the IVs in those options indicate an implied deviance from the observed relationship and put on a relative value trade to capture the expected realized relative moves. The easier way is to scale into your SPY on up days and scale into VIX on equity down / vol up days - should give you some edge that way

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Scale in in this context means: taking one sided risk in a pair of related securities while entering into a relative value play. SPY puts vs VIX puts is a relative value play since they are invest (one goes up in value while the other goes down given the inverse relationship of the underlyings SPY / VIX).. real life example - VIX is mean reverting, when it goes up, buy the puts in VIX, when you get some pullback there, then buy the SPY puts as a hedge, legging into your relative value play

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Not huge into puts right now, use the money to get long term options for very low prices. Way less risk and just as much profit opp. Stimulus is coming, so if ur gonna put anything in the short term make sure it’s an industry that is missing out.

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I made some money selling puts. Just need to have cash as collateral

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