iPath Series B S&P 500 VIX Short-Term Futures ETNArca
Description
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oversold & signs for a recovery.. rising volatility is now problem for the market - SPY made a slightly new ATH. normaly we should see a fight between bulls & bears here. if the bears win -a bigger rise would be normal. otherwise a rangebound trading with no clear st trend leads also to a rising vola..
Comment
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idea was right! overall - we saw a rishing vola. now again at lowest levels.. a view in the future. a) market made a double top an we´ll see a deeper set back / trend reversal = rising vola b) market is about to make new ath´s the next weeks = vola will NOT rise!
vola strategy st sell bear spread otm mt long bull spread otm if we see a new high in spy = long bull spread changing in butterfly - short bear spread hedging with a long bear spread atm/itm for the long leg....