at one point today, just today, VIX was up 100%!!! Yes, when the DOW went down 546pts, I could not believe I was looking at VIX up 100% on the day!! Hallelujah!
it was a beautiful day for me..and I know for some others as well..VIX March 18 calls I ahd highligted on feb 10...money 4times in just a few days and ...and double on dow yesterday...
I agree with Bill for the mean reversion of VIX...but what we need to look at not the abs VIX but the VIX futures as ell as the VIX options are on VIX futures not on VIX....
Bill suddenly u r in high demand, people are chasing you..where are you :)
The intent of this blog is to educate, inform and entertain readers, while also serving as an archived learning laboratory of sorts as I try to sharpen my thinking in areas such as volatility, market sentiment, and technical analysis. I also enjoy charging off on tangents and hope that readers may find some illumination or at least amusement in these forays.
Chief Investment Officer at Luby Asset Management LLC in Tiburon, California. Previously worked as a full-time trader/investor and also a business strategy consultant. Education includes a BA from Stanford and an MBA from Carnegie Mellon.
Useless trivia: I once broke the world pogo stick jumping record without knowing it.
7 comments:
which month and which strike bill, any suggestions?
Profitable trading,
OptionPundit
Good q's optionpundit! I am interested to see what Bill has to say on that.
at one point today, just today, VIX was up 100%!!! Yes, when the DOW went down 546pts, I could not believe I was looking at VIX up 100% on the day!! Hallelujah!
lauriston,
Was that when the computers were "glitched"?
yes, that was when the backup system did a fast computation on time-lagged data.
however, as other blogs are reporting, you might not have been able to clear your position at that 100% spike...
it was a beautiful day for me..and I know for some others as well..VIX March 18 calls I ahd highligted on feb 10...money 4times in just a few days and ...and double on dow yesterday...
I agree with Bill for the mean reversion of VIX...but what we need to look at not the abs VIX but the VIX futures as ell as the VIX options are on VIX futures not on VIX....
Bill suddenly u r in high demand, people are chasing you..where are you :)
Profitable trading,
OptionPundit
optionpundit,
It's his birthday today. ;)
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