VIX up 8% today??

[S2007S]

This is too funny. Amazing how quick it rises.


CBOE VOLATILITY INDEX (Chicago Options:^VIX) Delayed quote data Edit
Index Value: 13.04
Trade Time: 4:15PM ET
Change: Up 0.97 (8.04%)
Prev Close: 12.07
Open: 12.60
Day's Range: 12.48 - 13.08
52wk Range: 9.39 - 23.81

 

[demoship]

volatility is volatile.

There's a reason why VIX options often trade at > 100% IV.

 

[Restricted]

I'm long some vix calls, they didnt move today. Funny.

 

[Businessman]

Market has started taking out insurance for any sell off in May.

Probably wont happen now: the market will rise all the way through to November.

 

[myminitrading]

Turn the VIX off dont use it to trade off of its the most useless indicator and always gaps up 5% on Mondays.

last week when that market was soaring, it was up like 1%. Then we get a mild decline in the Dow and it shoots up like were down 300 points, turn it off its not very useful.

 

[Prevail]

the vix and vxo is an index and I find them very useful.

 

[S2007S]

I noticed the VIX works very well when its above 20, but anything below that seems to be a waste of time.

 

[stock_trad3r]

Quote from S2007S:

I noticed the VIX works very well when its above 20, but anything below that seems to be a waste of time.

Yea the VIX is overrated

 

[S2007S]

Quote from Businessman:

Market has started taking out insurance for any sell off in May.

Probably wont happen now: the market will rise all the way through to November.

agree. Many think we are going to get a repeat from may 2006, I dont think so.

 

[abducens]

mondays correction is over, so its a great reason to keep buying.