### Comment:
You must be new to VIX. No one ever ever buys OTM Vix Leaps. Vix naturally decay, you are looking for spikes in VIX or to sell short monthlies.

### REPLY:
if a recession hits and the price increases from mid $20 range to where it was during last recession, seems the option value will still increase dramatically even with the decay factored in 
  
 Edit - I need more sleep didn’t factor in the reverse splits, thanks. still believe the volatility will make this trade profitable but that’s the bear in me

### END.