### Comment:
Sho nuff.  But if you don’t want to be wiped on a 30¢ move, they’re good hedges.

### REPLY:
I pretty much have a solid strategy though. Buy calls when below 13. Straddle or strangle if above 16. It’s 30 days resetting, so it’ll go down, it’ll go up. Also good to see direct calculations from Friday SPX option bid-ask spread, since spreads can widen and raise the vix even when the market goes up.  
  
 I don’t play VIX futures because there is too much leverage. Rogue wave could wipe you out or make you super rich.

### END.