Besides the Weekly options, the VIX is the best new product in a long time since the SPX. It spawned a whole other class of ETF’s and made all the old time Cboe seat holders a few extra bucks. The Bitcoin future and options will be out soon which might outshine them all. But really I want to talk VIX today.
2600 looms large. We discussed some trade ideas in our Gold Lab today and as much as I love some downside put spreads I can‘t help but think 2600 is soon. As we roll into the close VIX could not hold the 10 handle and the VIX futures could barely keep their tiny gains. Maybe 2600 by Friday since rallying is really all we do.