I did some quick calculations before the bell on Friday, and it seemed like TZA calls were pricing in a move up, whereas SRS calls were not. We'll see how this goes… it is a really small position that I took.
the weekly setup on the $VIX gives a greater probability for a negative weekly close for equities, combine the $VIX weekly setup with the $RUT setup I talked about in my other post this morning and the upside potential for the market this week seems limited
Carl at days end:
1131-1145 estimate today for /ES (14 points)
1136 -1140.50 actual today (4.5 points)
range today was within 2-3 points of Carl's midpoint
Trades: Bought 1 unit of /ES at 1138.50
Did not sell it.
Grade: incomplete
SPY danced with it's containment pt. for a whopping 9 minutes today, I'll talk about downside de-leverage points tomorrow
the $SPX 1131.56 gap left @ 10:10 on friday tells you all you need to know
Wow… up .01 cents on the SPY, with 105 million shares traded. That's got to be a record for the lowest volume this year.
Either we are going to explode much higher or sell off big… as something is certainly brewing…
So much for my memory.
I try not to use it for anything 🙂
A 10 to 15 point range is normal.
I did some quick calculations before the bell on Friday, and it seemed like TZA calls were pricing in a move up, whereas SRS calls were not. We'll see how this goes… it is a really small position that I took.
the weekly setup on the $VIX gives a greater probability for a negative weekly close for equities, combine the $VIX weekly setup with the $RUT setup I talked about in my other post this morning and the upside potential for the market this week seems limited
Sundancer
Is your bias long or short on equities based on what you see with the VIX ?
thanks
it certainly can, however I don't have any setups/probabilities telling me when it could happen