Wednesday, June 5, 2013

Fading the VIX

I bought some VXX puts today, since the VIX move has been quite extreme, and the VIX sma envelope setup that I've written about before is triggering here. With SPX also very overdone with a NYMO reading below -100, we should see some nice mean reversion happening here in the VIX. Remember, VIX is by nature a mean reverting instrument.


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