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
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
Doesn't this mean at some point we'll the $VIX will go back down to fill the gap?
Carl is now long one unit /ES at 1138.50
1138 is the midpoint of his range for today
I think 15 point ranges are typical for Carl. Haven't gone back to check for sure.
Quite large ranges, no?
SPY reached it's containment pt. this morning
http://www.flickr.com/photos/47091634@N04/44172…