Not sure where the "$Vix must be +40 for there to be a low" comes from. 6 prior corrections of 10-20% since 2009, 3 bottomed <40. The 1990 bear market bottomed with $Vix at 36.
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The peak in $VIX was 36, about 3 wks before this post
Not sure where the "$Vix must be +40 for there to be a low" comes from. 6 prior corrections of 10-20% since 2009, 3 bottomed <40. The 1990 bear market bottomed with $Vix at 36.
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@ukarlewitz
What worries me from VIX is not the top but the bottom base that is been rising for several months.
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@ukarlewitz
Correct 💯 Most people are waiting for put to call ratio above 1 and volatility $VIX above 40. If it were that simple then everyone could be billionaires! Just stay in cash until triggered then buy highly leverage speculative asset like $FNGU $SOXL $RIOT etc 🤣
#RoaringTwenties
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@ukarlewitz
$VIX doesn't have to be >$40 at all for a significant bottom.
This time around we saw a military power invade another sovereign country and the peak was $37.5
Only thing that will get it >$40 at this point is a nuclear attack...very unlikely
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@ukarlewitz
I think a lot of post-2008 traders have seen volatility extremes and algo flash crashes, etc that make this seem like the requirement. Not many have seen the slow unwind…
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@ukarlewitz
@LONGCONVEXITY
Todays top premium for anyone who cares 👇🏻
$VIX selling the 85's buying all the rest 😆🔮 40s, 35s and 32.5s active again today. They're continuing to add to these strikes with time.
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@ukarlewitz
I’m convinced it comes from institutions that want us to wait while they gobble up stock.
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@ukarlewitz
People are looking for capitulation, but this looks like a "wear you out" kind of market.
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