XIV is now trading at around 6.02. I interested in the long side. I have two questions: 1) what the best ways to trade volility, and 2) what do you think are the down side and upside potentials of XIV from the current price?
XIV at 6.44 (up from 5.95 on Friday close). XIV bulls have put (now scented?) candles up the azzes of the XIV bears.
I doubt we see a top in XIV until a capitulation drop in the markets. Possible a move below 1100 on the SPX. Volatility will be a fantastic short at some point in the 4th quarter. Keeping my powder dry until we see that capitulation drop. Then, short VIX is a great play