The speaker explains that they use the VIX primarily as a data point to gauge market volatility rather than a tradable asset. While they do not actively trade the VIX, they monitor it, especially during spikes, to adjust their strategies, such as switching to a covered call strategy. The speaker emphasizes the importance of pairing and overlaying charts to understand market movements and suggests utilizing SIBO's VIX options for better market insights and risk control.
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00:00How do you utilize the VIX with your trading?
00:02For me, the VIX is more of a data point than something that I actively,
00:06I don't typically trade the VIX.
00:08It's not something that I'm purchasing or utilizing as a hedge.
00:11For me, it's more of a data point and a knowledge point
00:13that is showing me volatility within the markets.
00:15I don't trade the VIX directly, but I'll watch it.
00:17And especially if the VIX is spiking, I'll be really careful.
00:20I might switch to a covered call strategy instead of just buying the calls outright
00:24if the VIX is spiking and the overall market is spiking in general.
00:26I like pairing up the charts, overlaying the charts.
00:29I try to pair it well with VIX, right, because your goal is to beat VIX
00:32or do the complete opposite, full send in either direction.
00:35Check out Sebo's VIX options.
00:37Enhance your market insights and control risk.