Bullish:

• 🟢 $XLK - Various strategies and considerations for expressing a bullish view on XLK through options.
  • “Maybe I wanna buy long dated vol, but do I wanna buy the puts, the downside options, or do I wanna buy the upside option? Or maybe just the at money option... I can buy at the monies and sell those puts relatively. So I can buy a put spread, which would give me that bearish exposure.” - Kris (0:00)
  • “So now you're saying, let me buy the calls and sell the stock. And that's the way I will express this bet.” - Kris (0:00)
  • “So in short, you start with a stock opinion, you layer in the vol opinion to structure the trade expression.” - Kris (0:00)
  • “So without the Vol lens, you would not realize that mistake that you're making. As a matter of fact, because so many people might be making that mistake, those calls are cheap.” - Kris (0:00)
  • “So the key to this is that whatever your directional axis, you are finding the best option expression to match it.” - Kris (0:00)
  • “So you basically have a buffet of tools and you can surgically decide what you want your risk in your portfolio to look like, but we are trying to help you understand options so you can make those decisions and pick which tool is the right one for you.” - Kris (0:00)
  • “So you look at that, and now you say, I wanna look at the skew. So you look at it and you realize, you know what? Those downside puts are in a high percentile relative to the at the money vol.” - Kris (0:00)🔒
• 🟢 $USO - 🔒

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Bearish:

• 🔻 $XLK - 🔒

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