Oh look, it's the 1st time this century where $SPX gained 1% or more...with $VIX closing up 5%. Figures. Tweet added by Steve Deppe, CMT @SJD10304

Steve Deppe, CMT

@SJD10304

4 years

Oh look, it's the 1st time this century where $SPX gained 1% or more...with $VIX closing up 5%. Figures.

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Jimmy Markets 📈📉

@jmysct0

4 years

@SJD10304 @dynamicvol “Figures” 😏 LoL

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Steve Deppe, CMT

@SJD10304

4 years

@jmysct0 @dynamicvol 2020 in a nut shell. “Figures”.

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Ryan Ing | ryaning.eth

@Ryan_Ing

4 years

@SJD10304 @OptionsHawk So this tends to indicate people are buying OTM put options? Is that what you are suggesting?

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Steve Deppe, CMT

@SJD10304

4 years

@Ryan_Ing @OptionsHawk Dunno exactly. More just fascinated by the fact that it hasn’t happened in about ~3,000+ trading days...but somehow happens today.

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BuyLowSellHigh

@BuyLowNSellHigh

4 years

@SJD10304 Usually a bad sign for the markets.

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Steve Deppe, CMT

@SJD10304

4 years

@LironOr Kinda, sorta, but not really.

Steve Deppe, CMT

@SJD10304

4 years

Ran-dumb: $SPX gains 1% or more - $VIX gains 5% or more - $SPX in a persistent uptrend (ROC's 5, 10, & 20 all higher) since 1990. Reminder: this is N=7, so while it's interesting it's a guarantee of zip, zero, nada.

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John Doss CFA, CPA

@JohnDoss1

4 years

@SJD10304 One might say a bull trap! We shall see over the coming weeks...

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Steve Deppe, CMT

@SJD10304

4 years

@JohnDoss1 I’m all for it at this point. Get this fight back to the center of the ring.

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j

@Nirvana88_

4 years

@SJD10304 And today seems odd that VIX +6% while SPX -.78% and NDX +.66%

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Steve Deppe, CMT

@SJD10304

4 years

@Nirvana88_ I'd guess this is attributable to participants hedging the Fed tomorrow, but I have no idea.

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وائل المطلق

@almutlaqwael

4 years

@SJD10304 Vix is undervalued

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Steve Deppe, CMT

@SJD10304

4 years

@Mossbridge8 @PatternProfits lol, there is no sign from something this rare.

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jake russell

@jakesrussell

4 years

@SJD10304 @dynamicvol market is so bullish it's driving the VIX price up

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JMac

@jmccart10

4 years

@SJD10304 @dynamicvol What about Jan 2018? An to remember some vix/spy convergence before volmageddon...

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Steve Deppe, CMT

@SJD10304

4 years

@snakeoiler1977 @OptionPit Can be viewed/quantified as just a number too. A technicality doesn’t takeaway anything from the behavioral aspect of what we witnessed today.

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Steve Deppe, CMT

@SJD10304

4 years

@backtest71

Steve Deppe, CMT

@SJD10304

4 years

Ran-dumb: $SPX gains 1% or more - $VIX gains 5% or more - $SPX in a persistent uptrend (ROC's 5, 10, & 20 all higher) since 1990. Reminder: this is N=7, so while it's interesting it's a guarantee of zip, zero, nada.

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