One of the other things I'm watching next week (and, in fact, that I look at daily) is the VIX. With VIX at 14.02, a sub-12 "fearlessness level" is within striking distance, so I'm looking to add to my long volatility position in here somewhere, assuming the price is right. The VIX bottom is not particularly "clean," but historically the low volatility periods...
With the VIX at sub-15 levels, premium selling plays are hard to come by, so I can either resort to low volatility strategies (calendars, diagonals), look to go "long volatility," or search for "diamonds in the ruff" for premium selling. Since I not a rabid low vol strategy player, I'm going to look at seeking out what limited short volatility plays there are or...
VIX testing 14 area, but there are still target down to 11,50 area. Still less fear in the market right now, but be aware. It could soon turn. SPX/SPY meet soon important restitance.
XIV Long XIV @ 20.50 - VIX futures are back in contango (currently 4.5% from F1 to F2) - SPY broke through resistance validating double bottom (see chart below). Although there are some upcoming resistance, SPY has momentum behind it. My assumption is VIX futures will remain in contango as a result. - Since 1/20 SPY has increased ~9.6% where as XIV has...
Lots of people are crying "it's gotta come back!" this week... however: 1. the market has been beat up for a while now so maybe a real rally is underway 2. It's an election year (markets usually go up) 3. fundamentals of economy are actually ok... there are shifts... but US economy is under full steam (except some pockets)
What happens to $SPY when the VXV:VIX ratio hits 1.24?
VXX with completion of bearish Bat pattern. 27-28 is a daily resistance zone. A close below 28 can expedite the reversal in VXX Pattern completion - 29
First pattern triggered the $SPY's rally to 195$ (see linked idea) Now we have a second pattern to follow - Pay attention to VIX Follow me on TradingView Visit my blog - goo.gl Subscribe to the newsletters - goo.gl
Last week VIX closed at a level similar to that of May, 2008. I suspect VIX may have bottomed and may spike soon.
Here's what I'm looking at for next week: VIX/VIX PRODUCTS . VIX finished last week at 16.50. I will look at VIX/VIX product setups early next week depending how the "horse does at the gate" (Monday). If we see a tight range in the S&P like we did pre-Draghi in prepation for FOMC, VIX could drift go a little lower Monday through Wednesday, in which case I will...
Possible Bearish bat & Bullish butterfly
Long VXX UVXY or any other short volatility etf / etn to profit from backwardated term structure and pickup in vol
VVIX represents the volatility of the VIX indicator, more precisely its the 30 day expectation of the VIX index which is the expectation of implied volatility in the SPX in 30 days time. Read more on this on CBOE's website. VVIX is mean reverting in nature, as it is as index and non-tradable it represents this mean reversion without market expectation building...
Interesting, Death Cross on $VIX www.cboeoptionshub.com
Orbiting 25, like last year. VIX can cover the 25 to 50 range quite dramatically. So it is always wise to protect your positions as needed.
SPY is showing remarkably similar pattern to the rally from the flash crash low. Topping potential from swift bearish wedge pattern is confirmed by VIX at one month-plus lows and stretched more than 15% below 10-sma
... without full conviction, but but the VIX suggests another LL . The last week in February would be strange. The situation on $XIV: www.investopedia.com