There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
Putting on another VXX long setup, given the fact that we don't have many premium selling opportunities here (volatility low across the board, both in the broad markets and individual underlyings). Filled for a $400/contract debit ... . I'll look to take these VXX long setups off at 25% profit ... .
This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
Watch the lines. This chart can guide you if you are pursuing the strategy of being long Gold/VIX, and this ratio dropping means you are winning.
Watch the lines for a good place to jump in if you are looking to long VIX. This chart helps us distinguish between fearless crashes and fearful crashes.
Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
Adding to my "suite" of long VIX/VIX derivative setups, since there isn't much premium to sell in this market right now until we get into the "fat" of meaty earnings next week (NFLX, etc.). Filled for a $418/contract debit. I'll look to take these off at 25% max profit ... .
Layering on another long volatility setup here on this dip below 17.50 in VXX. (See Post below as to how to work this "poor man's covered call"). Unfortunately, there are virtually no metrics to provide with a diagonal, such as probability of profit, since it will vary depending on how much credit you collect during the life of the setup, when and how much VXX...
Another week of wasteland for premium selling, with EWZ again topping the volatility charts for non earnings plays, although I may go small with an IWM setup in the May monthly (it's the most volatile amongst the index ETF's, which ain't saying much). I've got one more short-term RUT/IUX setup on that I will need to address, but other than that, it's going to be...
This is the second higher low on daily close, which may signal the bottom is in. I think it is a buy if it can make another higher high.
Having exited a VXX short call diagonal setup today, I'm looking at further opportunities to get back into a long VXX or long UVXY setup, and -- as previously noted, I'll be looking to VIX for guidance, since both VXX and UVXY suffer from contango and their "bottoms" are slippery slopes that are gradually eroded by contango over time. In other words, what's a...
I put this on on April 1st, thinking it might be a while before I could take it off, but covered it today on this pop, freeing up the buying power for another go should be strike $17 again. I put it on for $373/contract, and took it off today for a $419 credit, yielding a $42.93/contract profit in six days. Naturally, this isn't hugely earth shattering...
With VIX at sub-14 levels and without much on the earnings calendar that is ideally playable with options from a premium selling standpoint, next week is likely to be a schnooze in the absence of a broad market volatility pop. Nevertheless, there are a couple of plays I might consider. MON: MON announces earnings on April 6th before market open. With an implied...