Market down 1.75%, VIX only up 2.02% ?? huh?

[Cache Landing]

VIX was simply reflecting the holiday time decay. The floor is pricing in time decay until next Monday's open. This results in VIX dropping.

 

[MajorUrsa]

Quote from stock_trad3r:

why does it matter? Vix is nearly worthless indicator.

You didn't have to prove that you understand nothing about trading, but thanks anyway.
I guess it is worthless if you only papertrade.

Low $VIX to me means that everything is as expected and going to plan.

 

[rc5781]

Quote from MajorUrsa:

You didn't have to prove that you understand nothing about trading, but thanks anyway.
I guess it is worthless if you only papertrade.

Low $VIX to me means that everything is as expected and going to plan.

and....exactly what is this "plan" that is coming together so nicely mr. ursa???

 

[flyingiguana]

Quote from rc5781:

and....exactly what is this "plan" that is coming together so nicely mr. ursa???

it was a down day, nothing out of the ordinary. volatility doesn't give two shits if the market is up or down...

 

[JamesVU2000]

Most people are in disbelief that the market is selling off after 3 rate cuts and very positive seasonality. A bounce is possible, but we may not have seen real selling yet. A real sell off will see a big vix spike.

 

[MajorUrsa]

Quote from rc5781:

and....exactly what is this "plan" that is coming together so nicely mr. ursa???

No, not some kind of conspiracy this time

Just that today's drop below previous support was what the 'market' expected, what big participants were prepared for and thus, what was priced into the option premiums.