looking at vix, it seems even though is mkt going higher, investors are getting more nervous than a month ago. probably a good buy here. everybody knows this mkt is propped up by bernanke, hope, fear of missing the rally. once fed stance changes, its doneski.
I bought this at 4.76 a couple weeks ago and rode it all the way down to 4, then popped back up to over 5, sold it in a hurry at 4.82 on the way to 5. this thing changes hand very irrationally. Sometimes its up while it should be down and down while it should be up!!!!
you have to understand what it tracks, its not exactly daily vix print most people associate it with. i'm on my 3rd trade, the first 2 were both successful. i'm content to let it degrade some if need be, b/c when the vix turns for good, this will really cash in. the real selloff, when it arrives, just looks to me like it will be more violent the further this mkt goes up on nothing.