Watching the VIX crushers trying to breathe life into this market makes me think of the hospital shows on TV, where the cast works furiously on some unfortunate patient, and then they all step back and one of the nurses looks at the clock and announces the time of death.
Steppin' on the VIX
Started by
libertas
, Sep 26 2017 11:27 AM
5 replies to this topic
#2
gm_general
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Posted 26 September 2017 - 11:39 AM
My analogy was the Bugs Bunny cartoon with the Texan (Oily Hare) where he is stomping over and over on the rabbit hole full of dynamite. After a while you are just pressing your luck.
http://www.zerohedge...lds-load-stocks
#3
libertas
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Posted 26 September 2017 - 11:48 AM
Yes, just a return to long-term average will be more than sufficient to zero out most of the leveraged inverse VIX ETFs. But right now there just doesn't seem to be much energy in any direction.
#5
tommyt
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Posted 27 September 2017 - 12:14 AM
"Someone sure is betting today on a higher VIX in October."
Did you read the article? It looked to me like the one big player rolled his October calls out to December. And they were the VIX 25 calls, not the best deltas with the VIX at 10...possibly hedge/blowout protection.
#6
da_cheif
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Posted 27 September 2017 - 08:28 PM
>the one big player rolled his October calls out to December.<.......was he a seller or a buyer.......remember just because he does something doesnt mean he knows what he's doin
