VIX to keep plunging next week according to zerohedge-Ouchy longs.
from zerohedge - "Bearish VIX Positioning Near Record, As Russell 2000 Non-Commercial Longs At All Time High"
"There were two quite notable pieces of information in today's Committment of Traders weekly update: on one hand, the net non-commercial spec position in VIX futures just plunged by 16,222 contracts to 104,284. This was just shy of the all time low net VIX spec position hit in early December, and means bets that the VIX will continue plunging lower will likely set a new record next week."
Next week is going to hurt !
I sure would hate to be someone who tried that buy at the bottom routine today, they're going to be moving back in with mom and dad by friday.
Personally, I think the VIX will try and find a new low in the next two weeks. But I do hope you're right cuz I added to my short position based on high contango alone. One thing for sure, a crash won't happen in the next two weeks and VIX will probably be rangebound in trading from 12.5 - 14.5...