Deep VIX put spreads as a persistent, low-risk strategy
The discussion noted that traders have been persistently executing deep, out-of-the-money VIX put spreads (e.g., 50-100 point spreads) for small credits, suggesting it's a strategy that has been working for them.
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The story so far
CONTESTED · 86 MENTIONS · 48 EPISODES · 16 SHOWS
30 JUN 2025 — 21 AUG 2026 · YESTERDAY
20 SUPPORT · 11 CHALLENGE · 2 REPEAT · 53 MENTIONED
- THE ALPHA EXCHANGE · 7 MENTIONS
- Dealer gamma positioning suppresses volatility
- Market structure proved sound in April 2024 stress
- Vol risk premium vanished post-2012 · CHALLENGES
- Vol response depends on positioning, not just magnitude
- Low vol doesn't mean cheap; simple rules fail
- Put-spread collar is just short delta · CHALLENGES
- August 5 VIX spike was a technical mirage
41 EPISODES BETWEEN · 68 MENTIONS
- GRANT'S CURRENT YIELD PODCAST
- THE DERIVATIVE
- GOLDMAN SACHS EXCHANGES: THE MARKETS · 3 MENTIONS
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- MACROVOICES
- THE ALPHA EXCHANGE · 2 MENTIONS
- THE DERIVATIVE · 5 MENTIONS
- GOLDMAN SACHS EXCHANGES: THE MARKETS · 2 MENTIONS
- THE DERIVATIVE
- THE ALPHA EXCHANGE
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- THE ALPHA EXCHANGE · 3 MENTIONS
- THE ALPHA EXCHANGE
- FORWARD GUIDANCE
- WHAT BITCOIN DID
- THE DERIVATIVE
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- MASTERS IN BUSINESS
- THE DERIVATIVE · 4 MENTIONS
- FORWARD GUIDANCE
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- THE ALPHA EXCHANGE · 6 MENTIONS
- MONETARY MATTERS WITH JACK FARLEY
- THE ACQUIRERS PODCAST
- EXCESS RETURNS
- MACROVOICES
- THE ALPHA EXCHANGE
- THE COMPOUND AND FRIENDS
- EXCESS RETURNS · 5 MENTIONS
- ANIMAL SPIRITS · 2 MENTIONS
- MONETARY MATTERS WITH JACK FARLEY
- THE OPTIONS INSIDER RADIO NETWORK · 2 MENTIONS
- TOP TRADERS UNPLUGGED
- THE OPTIONS INSIDER RADIO NETWORK
- THE OPTIONS INSIDER RADIO NETWORK
- THE OPTIONS INSIDER RADIO NETWORK · 4 MENTIONS
- THE OPTIONS INSIDER RADIO NETWORK
- THE OPTIONS INSIDER RADIO NETWORK
- THE ALPHA EXCHANGE
- THE OPTIONS INSIDER RADIO NETWORK
- THE OPTIONS INSIDER RADIO NETWORK
- BLOOMBERG SURVEILLANCE
- THE OPTIONS INSIDER RADIO NETWORK · 3 MENTIONS
- THE OPTIONS INSIDER RADIO NETWORK
- THE DERIVATIVE
- THE OPTIONS INSIDER RADIO NETWORK · 4 MENTIONS
- Deep VIX put spreads as a persistent, low-risk strategy · THIS IDEA
- Post-election volatility lull priced into November puts
- Long SVIX as a core holding paired with tactical UVIX
- Strangles as a hedge for an anticipated coiling market
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD