BobbyBlueShoes
Long

Does the VIX know something?

CBOE:VI1!   S&P 500 VIX
74 2 0
I understand that Friday is not the best day, with quadruple witching day. Volatility and specifically the broadly traded VIX             futures is possibly a bad indicator considering expiry volatility and the numerous covering taking place for the next month/quarter, but VIX             was holding up surprisingly well on Friday considering the S&P             spent most of the day at its consecutive highs.

No science, but I think the smart money knows. Well, maybe that sperm looking Friday candle facing upwards.

I am long on a 2x VIX             ETN             .
Commitment: 2% Equity at SL.
Exit: See chart.

Risk: My view is there could be another 2% upside to the S&P             before a leg down. Even so, the VIX             might not hit SL.
TheShortLife
2 years ago
Bobby, how are you using the stop on the VIX translated to the 2x ETN? Just out of curiosity
Reply
BobbyBlueShoes TheShortLife
2 years ago
I'm just using VIX as guidance. So I have no hard stop on my trade.
Reply
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