In elevated volatility (VIX 30+) environments, buying outright put options is expensive and spreads are more tactically attractive, but spreads only realize their full profit at expiration; tactical investors should either hold spreads to expiration or buy additional spreads to ensure adequate dollar protection when tactical closeouts are needed.
normativepending
Speaker
Patrick SerznaEvidence Quote
“the VIX still up in the 30s, it is very challenging to just buy a strike a straight out put option like you were suggesting.”
Created: 8/11/2026, 7:06:30 AM
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