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re: How can I take advantage of the drop tomorrow?

Posted on 6/23/16 at 11:20 pm to
Posted by bayoubengals88
LA
Member since Sep 2007
19743 posts
Posted on 6/23/16 at 11:20 pm to
The real money was made earlier today by the people who took a bet on "leave"
Specifically gold and silver...
Posted by TigerDeBaiter
Member since Dec 2010
10351 posts
Posted on 6/24/16 at 12:52 am to
Oh, no. Money was made on the VIX ten fold of gold
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10357 posts
Posted on 6/24/16 at 1:03 pm to
quote:

The real money was made earlier today by the people who took a bet on "leave"
Specifically gold and silver...


This, but I would add, those of us who are prudent enough to insure drops like this with VIX calls.

The last several years have been pretty good in this regard, trading metals around overreactions, and collecting more in VIX claims than VIX premium paid.
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