BobbyBlueShoes
Long

Does the VIX know something?

CBOE:VI1!   S&P 500 VIX
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.
Bobby, how are you using the stop on the VIX translated to the 2x ETN? Just out of curiosity
Reply
BobbyBlueShoes TheShortLife
I'm just using VIX as guidance. So I have no hard stop on my trade.
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