Anyone backtest or know of any backtests for this trade versus a short M1 Long M2 VIX calendar spread?
10:1 and it's a synthetic long put. Ratio-ed (larger) and it converges to a straddle. You're better off shorting a combo struck somewhere between cash and the synthetic, but you don't know what you're doing, so there is that (wrinkle).
he’s been crushing it on this strategy to the point that he’s been asking about the tax consequences and how he can deduct his closet as a home office.