Luka Nagy

I've had some success with pre-defined profit targets and then just exiting the position entirely, regardless of potential further movement. Trying to manage gamma through that volatility spike often feels like catching a falling knife to me. What kind of spread are you running?

Good point on the vol spikes near expiry. I try to avoid holding CFDs through those periods if I can, or at least size down. Swap charges are always a factor, but the rollover mechanics can certainly amplify their impact if not managed carefully.

Honestly, for general portfolio hedging, I stick to less exotic instruments like inverse ETFs or even just holding a higher cash position during uncertain times. VIX futures feel more like a specialized trading tool than a broad hedging solution for most retail portfolios.

For me, it's more about sizing down my positions rather than completely avoiding overnight holds. I'm still using options overlays, but focusing on further OTM strikes to manage premium costs.