I like this trade.
@BankofAmerica VIX Nov 19-24 Call Spread at $0.63, 7.9x Max Payout
@BankofAmerica's specific premium-conscious hedge against a VIX spike: buy the VIX November 19-24 call spread for $0.63 indicatively on mids. That's approximately 45-delta / 25-delta strikes, with UXX6 reference at 17.61. Max payout ratio is 7.9x. Risk is limited to the upfront premium paid.
@BankofAmerica VIX Nov 19-24 Call Spread at $0.63, 7.9x Max Payout
@BankofAmerica's specific premium-conscious hedge against a VIX spike: buy the VIX November 19-24 call spread for $0.63 indicatively on mids. That's approximately 45-delta / 25-delta strikes, with UXX6 reference at 17.61. Max payout ratio is 7.9x. Risk is limited to the upfront premium paid.