This may be the best bang for the option buck coming out of the mayhem a/k/a systemic bank failure. Over the weekend I recommended the rolling of Mar 22nd VIX $25C calls into April 19th $30C sometime this week. Aggressive traders can buy the VIX $40 or $50 calls for additional leverage, especially on dips that will be fast, deep and temporary. An $80-100 VIX by April 19th is somewhere between possible and probable while if VIX see's $40 any day this week, color it likely. VIX Hourly Note: Closed Friday @ $2.00, High today $3.50, +75% first hour of trading before falling almost all the way back to break-even. High risk: Higher Reward
