How to Secure $7600+ Profits During Market Turbulence?
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! 🎉
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?
🎁Rewards：
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 don’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~
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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 @Universe宇宙 @rL @HelenJanet @TigerGPT
Congratulations, that blew my mind!