A loss for words. Mkt's run 15% in 4 days and the vix has hardly dropped. The vix should be at 25 max
I had a good chuckle....and realized that I spend way to much time on ET "discussing" with ignorant morons. Happy holidays
I said the last 4 days . Its Down squat . It should have fallen from 50 to the mid 20's. Its basically flat the last 2 days and were up 5% plus
Doing some basic math, high for the VIX was 85, and we are at 50% retracement in the sell off for the S&P, so should put the VIX at 42.5. Oh look the VIX is 42.5 If you assume the floor in the VIX is about 10. Then it should be around 47.5 at the moment. So its currently lower than it should be.
Again i'm not talking about the vix form the highs . I'm talking about the last few days. its early fell as we skied
Option demand shifted from panic buying of puts to speculative buying of calls. Price direction changed but the demand is still high.
Those 2 days I suggested you look at were even more "unexpected" than the last few days....VIX didn't even stay flat, it went UP. Even more speculative call buying then.