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Tim Biggam's ProShares Ultra VIX Short-Term Futures Trade

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On Bloomberg Markets, Tim Biggam of Delta Derivatives spoke about an options strategy in ProShares Ultra VIX Short-Term Futures (NYSE: UVXY).

He thinks volatility could drop and he wants to buy the January 60 put for $4.00. The trade breaks even at $56 or 21.21 percent below the current stock price. Biggam explained that this is the bet that the market is going to find its footing.

 

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Posted-In: Bloomberg Markets Tim BiggamOptions Markets Media