VIXed
VIXed
UPDATE 11:53am EST: This must have been the first full eight hours of sleep I got in a long time.
There are some economic announcements starting at 10:00am and spread throughout the day:
Mr. VIX bounced off of its 2.0 Bollinger and is now resting around 47 – was closer to 45 for a while. You can see that I actually started to count the waves on it recently, but am not exactly sure if we see a larger drop here. Doesn’t matter too much as the damn thing has been broken recently and did not keep up with the drops we saw in equities.
Dollar softer today – Gold holding – Crude higher. Should be an interesting OpEx close.
UPDATE 10:35am EST: Note that we’ve been bouncing around in this chop zone for three days now – typical option expiration week madness.
Of course, as I stated yesterday, the MMs love it here and are happy to drive the tape up and down over and over. I’m like Switzerland (without the snow) – neutral – and watching.