I am relatively new to VIX and its ETFs. But as far as I know VIXY tracks the S&P 500 VIX Short-Term Futures Index, and when S&P 500 shows more volatility, VIXY would move more. But in the recent days it doesnât show this character or even show the opposite (please see the attached chart and the notes).
What are the recent VIXY moves implying?
I traded the VXX on Friday and noticed it closing at highs on Thursday. This is a great blog to follow to understand VIXY, TVIX, and VXX a bit better. This guy knows his shit.