SVXY

Oct VIX asks if China will open already and .....

Look for our webinar on fixing broken positions real soon.  Looking Nov 7th.

 

I seem to remember this time last Wednesday when the SPX was trading just below 1900.  Chinese markets were closed for a holiday week and the weak jobs number on Friday created the whipsaw we had for the last week and a 100 point rally in the SPX.  Like we saw twice already since the late August debacle, the rallies were as vicious as the selloffs. 

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VIX trying is to make new lows but will it?

ATTENTION:  The Options Insider and Option Pit are co-sponsoring a special one day event.  Read about it here.

As of 3:30 EDT the market is flat lining just down about ¼ of a percent and VIX is up .33 with the VIX futures just flat on the day.  For the most part, stocks have been leaning on a few things since the last blowout NFP.

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Flat Skew into FB earnings

The earnings season has been a mixed bag so far.  Mark commented about it on CNBC yesterday morning and the fact that IV is not really taking off.  VXX is making year lows today and the IV in the SVXY (Pro Shares Short VIX futures ETF) is making a 52 week low today.  Even with VIX cash up the VIX futures compressed a bit.  The only thing cheaper than the IV is the realized volatility clocking in a at 7.27 for the SPX.  The low volatilities seem to set a table for something higher down the road but we will need a catalyst.  The earnings season has not provid

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