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Martijn de Boer's avatar

Nice one! Could you also do a part about vega? I bought a ton of xsp (dec 26, dec 27 & dec 28) with high vega and low beta now premiums are cheap to hope for a big vol spike. But not sure how this all works under the hood and what is a good exit strategy when we might see a > 35 spike

Data Driven Stocks's avatar

You mean XSP straddles or deep OTM XSP puts/calls ?

Martijn de Boer's avatar

Deep otm puts (XSP / QQQ / SMH)

Data Driven Stocks's avatar

I see! I've already added this topic to the queue.