no more contango. markets are up and vix is up. this is great news. i don't care if it happens tomorrow or in 18 months... TVIX will see $20 per share and will not split in this environment.
have you also noticed we haven't been moving down as much as we used to. if the market was up this much two weeks ago, we would be down a lot more. the only thing that is annoying me, is that we aren't out of contango yet, but almost there... so the upcode has always been limited and we give back the gains too quick. can't wait to get to BACKWARDATION.
Sentiment: Strong Sell
Index Future Future Date Last Net Change Open High Low Time
DJIA INDEX Jun13 14,410.00 -142.00 14,540.00 14,610.00 14,400.00 17:15:00
S&P 500 Jun13 1,534.00 -12.10 1,544.40 1,553.20 1,531.00 17:15:00
NASDAQ 100 Jun13 2,739.50 -35.00 2,770.00 2,787.25 2,723.00 17:15:00
i am still holding my puts. strike 152 april 26 and my tvix. something tells me this bear just woke up
From a GS VIX trader: "The VIX futures are setting all kinds of records for volume by a large margin. OI barely dropped post-expiry (April Settlement). There are some very large bets believing we are going south."