VIX below 50 today...

kmiklas · Apr 3, 2020

First time since March 10th.

Are we starting to calm down a bit?

Cuddles · Apr 3, 2020

kmiklas said:
First time since March 10th.

Are we starting to calm down a bit?

temporary respite....the bears need to digest.

KCalhoun · Apr 3, 2020

kmiklas said:
First time since March 10th.

Are we starting to calm down a bit?

Good observation, I'd say calm before new storm, I'm buying VXX TVIX today for swingtrading

kmiklas · Apr 3, 2020

KCalhoun said:
Good observation, I'd say calm before new storm, I'm buying VXX TVIX today for swingtrading

Nice. I'm hammering out my new trading algo.

I'm calling it "whipsnake," designed to leverage the volatility in this whipsaw market.

tommcginnis · Apr 3, 2020

The VIX peaked at (~80) Christmas, 2008, and then fell at a fairly fuzzy fashion until it bottomed (~15) at the end of 1Q09. You might want to compare that action to what the market was doing in that time period, before you get all jizzy about volatility in 2020. :wtf:

kmiklas · Apr 3, 2020

tommcginnis said:
The VIX peaked at (~80) Christmas, 2008, and then fell at a fairly fuzzy fashion until it bottomed (~15) at the end of 1Q09. You might want to compare that action to what the market was doing in that time period, before you get all jizzy about volatility in 2020.

We will all be judged for years to come on how we trade during this event. This market is presenting some extraordinary opportunity. I'm throwing the kitchen sink at this market--anything I can think of to drain cash out.

The trip back to our "new normal" will be just as volatile--assuming, of course, that the U.S. doesn't become the 27th province of China.

tsznecki · Apr 3, 2020

tommcginnis said:
The VIX peaked at (~80) Christmas, 2008, and then fell at a fairly fuzzy fashion until it bottomed (~15) at the end of 1Q09. You might want to compare that action to what the market was doing in that time period, before you get all jizzy about volatility in 2020.

We surpassed VIX peak in '08 March 16-17?

southall · Apr 3, 2020

Google says VIX was 89.53 intraday on October 24, 2008

I think we could see another run up at some point and the VIX > 100

"It is safe to conclude that based on the available VXO data the VIX would have been way over 100 in 1987"

SunTrader · Apr 3, 2020

VIX index ATH was 85.47 3/18/20.

VIX futures are a whole nother story and remember they are back adjusted on continuous contract data.

southall · Apr 3, 2020

SunTrader said:
VIX index ATH was 85.47 3/18/20.

Thats on a closing basis? Intrady 2008 was higher.

Also VIX. has only been around since 2003.
VXO has been around longer.