Invitation: GYP Office Hours — Hedging Strategies During a Sell-Off
Thursday 6pm Eastern Time: How to actually hedge a sell-off (VIX done right). Short-delta diagonals, $VIX options, /VX futures — and the expiration mistake that blows people up.
The market has been selling hard, and the question filling our inbox is the same one every time the tape gets ugly: “How do I actually protect this portfolio?”
So this week’s Office Hours is all about defense. Tony Battista and Tony Rihan are sitting down to walk through how we hedge a real book when volatility wakes up — the tools, the structure, and the traps.
What we’ll cover:
The Short-Delta Diagonal Spread — a defined-risk way to lean short and get paid to wait instead of bleeding on long puts.
Hedging with $VIX options and /VX VIX futures — what they really are, how they behave differently from SPX/SPY puts, and when each one belongs in the portfolio.
The Dos and Don’ts of structuring VIX hedges — the right way to build them, and the common setups that quietly work against you.
The expiration trap — how choosing the wrong futures expiration on your VIX options can blow you up even when you’re “right” on direction. This one mistake is the difference between a hedge that pays and a hedge that evaporates.
This is the stuff that matters before the next leg down, not after.
Members-Only Below — Join Details & Live Link
