How to Secure $7600+ Profits During Market Turbulence?

MillionaireTiger
04-16

The $S&P 500(.SPX)$ dropped by 1.2%, and the $NASDAQ(.IXIC)$ fell by 1.79%. But amidst this turbulence, there's an index that's defying the odds, soaring by 47.81% this month. Can you guess which one it is?

How can one reap substantial profits during turbulent times? Let's dive in!

Let's give a round of applause to @Jo Ker for his remarkable achievement, securing a $7,623.75 return by investing in $VIX calls! ๐ŸŽ‰

I choose to take a bit of profit even for my VIX hedge. May not be a good decision but it is not wrong to take a bit of profits as the options price is volatile itself!

What is the $Cboe Volatility Index(VIX)$? Can it be traded?

The VIX Index measures the expected volatility of the U.S. stock market over the next 30 days, derived from real-time prices of S&P 500 call and put options.

The infamous "fear index," the VIX, settled above $19 for the first time in over six months.

Concerns arose due to the Federal Reserve signaling that rate cuts may not be as frequent as previously assumed for the remainder of 2024. Consequently, all sectors of the S&P 500 experienced declines.

Despite the ongoing inflation fears fueled by the employed and spending U.S. consumer, as well as escalating tensions in the Middle East, individual stocks are starting to report results, further affecting risk appetite.

Amidst this volatile market, would you consider hedging risk with VIX?

Or do you have other hedging strategies up your sleeve?

๐ŸŽRewards๏ผš

  • Feel free to share your hedging strategies in the comment section for a chance to win Tiger Coins!

  • If you've achieved profits from other potential stocks we donโ€™t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~

๐Ÿงญ Share positions:

Winning Trades
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Comments

  • Barcode
    04-16
    Barcode
    If I knew how to trade options confidently Iโ€™d ๐Ÿ’ฏ you consider hedging risk with VIX. Would @Jo Ker like to give us all a lesson? ๐Ÿ˜
    • BarcodeReplyJo Ker:ย 
      Itโ€™s great to see your successes! Thanks for that. If you ever have the time or inclination Iโ€™m sure a number of Tigers would really appreciate a post & walk through on how you enter a call/put etc. I sure would ๐Ÿ˜€! I feel like I still have so much to learn but you are totalling inspiring! @TigerOptions
    • Jo Ker:ย 
      Hi bro! It is not much different from trading shares. Options give you the rights to exercise it if you are in the money or hit the strike price. Personally l prefer it over shares as it has a timeline for my trades which means l take th outcome within it whatever it is.
  • Aqa
    04-16
    Aqa
    Trade $Cboe Volatility Index(VIX)$ to reap big profits! The VIX Index measures the expected volatility of the U.S. stock market over the next 30 days, derived from real-time prices of S&P 500 call and put options. This infamous "fear index," the VIX, settled above $19 for the first time in over six months. Consider hedging risk with VIX amidst this volatile market.
  • icycrystal
    04-16
    icycrystal
    How can one reap substantial profits during turbulent times?

    Amidst this volatile market, would you consider hedging risk with VIX?


    Or do you have other hedging strategies up your sleeve?


    Feel free to share your hedging strategies in the comment section for a chance to win Tiger Coins!


    @LMSunshine @Shyon @Aqa @GoodLife99 @DiAngel @koolgal @Universeๅฎ‡ๅฎ™ @rL @HelenJanet @TigerGPT

  • Barcode
    04-16
    Barcode
    @Jo Ker That's positively stunning, absolutely astounding! ๐Ÿ™Œ๐Ÿ™Œ๐Ÿ™Œ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘
    Congratulations, that blew my mind!
  • highhand
    04-17
    highhand
    but Tesla puts when it's raises to resistance or goes up for a while, because this stock is going down to Chinatown in the short term
  • MyBaobao
    04-16
    MyBaobao
    How did you get into VIX in the first place? Can give us more hints and tips?
    • Jo Ker:ย 
      Buy it as a hedge for my long positions. I believe market correction is coming and VIX is at a low so it is a no brainer.
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