I didn't know where else to post this prediction since it involves VIX, so I post it in the bat-shit crazy options lair! Considering the winding down of earnings, the Fed meeting and NFP numbers next week... I predict that the VIX, (which I think closed at like 15.x on Friday), will spike back up above 20 during the week, and settle back to 16.x by week's end. *runs out of room and slams door*.
Bah, I was trying to find a video analogy of how bad Powell can screw the press conference up, and how "there's many a slip 'twixt the cup and the lip" when it comes to his speeches. It was just a singular line of dialogue from "Young Guns" Since I could not find that clip, let's just do some cactus, man, and think about flies! Butterflies!
If they say they are raising interest rates more than people expect seems like vix should go up. And stocks go down... but who knows. Or if they say they are ending buying treasuries or something.
Indeed. I made a piker amount of money today on longs, and on this next three-day funion, I be using real caution. After Powell, I will try to gauge sentiment. If it is all rainbows and unicorns, I will be back in long for Thursday session. Bah, it just depends on so many factors I cannot quantify here. Hell, I might even send a bid to a 6/22 contract, see if I can get a bite. If history is a guide, and the NFP on Friday matches or exceeds expectations, and the wildcard of Washington is resolved by then, we should have a nice green week.
Welp, that ends that, and my bold prediction was too bold. With Powell out of the way, and as dovish as the days of Yellen, the chances of VIX hitting 20 this week are the same as the chances of bitcoin going to zero this year. And those chances are ZERO!