keep bumping this .. where is 77.80 now ..!
as soon as tomorrow this could be over 90s with NFLX beat ..
if aapl comes in-line (doesn't have to beat) - then vix will get crushed again ..
last week was an abnormality in the market with several incidents coinciding - bombings, ricin, bad economic/earnigns reports, media fumbles, gold cratering, china GDP etc. unless you think a week like that recurs often, you'll continue to see SVXY making new HIGHS (its a matter of when and not IF) ..!
I hope so but I dont know if its gonna get up there of this dead-cat. 87 and change is where I'm laying em back out...started sellin a bit naked from May today now that the April's are in the bank. .Got display a bit of patience on the first day.... Would love an all out short again near 90...Here's hoping.....
Where was I?...Selling UVXY Calls basically for 10 months making a boat load. now I'm enjoying shorting this thing...Last week was the tell...up on 4-500 shares a day. You'll get a lil bounce, maybe even back to mid 80's but your dreaming for anything higher for a whil, maybe a loooooong while....The S&P is barely off all time highs and this thing fll 25% in 4 days...If the VIX hits the mid 20's your gonna be close to making a new 52wk low in this thing...We dont need an 08' style vix to 70+ to have this crash...you had better learn to trade.....We havnt had a market in 4 years..this week was just the beginning...
Stock plaza, these things are ticking me off. Why the frack is the VIX going up so much? VXX performance is ridiculously hot right now. And with the spot VIX above the futures, and almost no contango and in fact close to backwardation, this is not good. If VXX hits 30, SVXY will be back to 50. Insane.