VIX – S&P500 volatility index
A perfect defence & attack trade at same time.
For those who don’t wish to let go of their long positions picking up VIX long is a must.
For those who see market rally coming to an end, and a major pull back is about to hit, VIX is a first attack instrument out there to play market correction.
POSITION IS A LONG
OPENING RATE AT 18.7$
VOLUME 100 LOTS = 10,000 SHARES
POSITION VALUE = 1,870,000$
POSITION LEVERAGE 1-TO-20
MARGIN REQUIREMENTS 5% FROM POSITION VALUE = 93,500$
FREE MARGIN TO HOLD 1$ CORRECTION TO STOP OUT AT 17.7$ = 10,000$
TAKE PROFIT AT 22$
EST PROFIT 370,000$