Crazy ayzo 7 Report post Posted October 30, 2018 I would like to trade either straddles or strangles on QQQ (or other candidate) based on the Mid term elections (Tues, Nov 6th). My thesis is; * It seems like political events are effecting the market in a major way (Fed, Midterms, trade war)... maybe more so than fundamentals at this point. * The market believes that an election causes uncertainty and volatility leading up to it. The market generally goes up after the election is over, regardless of who wins. * Volatility is likely to stay high, or even increase, leading up to Nov 6th, and fall after that. * Therefore, it seems like buying straddles or strangles this week and selling them on Monday or Tuesday Nov 5/6 would be a good bet. *** Does any one have any specific opinions on this, or on trading big political events in general? Share this post Link to post Share on other sites
Crazy ayzo 7 Report post Posted November 7, 2018 @Kim, Well, I didn't get any response on how to play the election, so I took a beginner's guess and went long... I bought VXX puts yesterday and 8 days ago. Here's how it played out! 187% on the 8 day trade, and 86% on a one day trade! Just shy of $8,000 in gains. I can't thank you enough for the SO site. What I learned on volatility trading has been very profitable. 86% on a one day trade! @akito ... I'm getting closer to the century mark! 1 Share this post Link to post Share on other sites
