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Spot The Odd "VIX" Out

Tyler Durden's picture




 

US Equity volatility (VIX) is trading at its lowest since early December, as the schizophrenic swings continue. However, Rates, FX, and Oil "VIX" all remain notably high...

 

VIX back near cycle lows...

 

As the last few days have been anything but un-volatile...

 

One of these things is not like the other...

"Managed"... "Unrigged"

 

Charts: Bloomberg

 

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Thu, 04/23/2015 - 13:23 | 6022771 MajorFall
MajorFall's picture

Bullish!

Thu, 04/23/2015 - 13:28 | 6022792 Oh regional Indian
Oh regional Indian's picture

Listen to this blowhard for a change ;-)

Melodic interlude.....

https://aadivaahan.wordpress.com/2015/04/23/sequence-01/

Thu, 04/23/2015 - 13:34 | 6022829 flacon
flacon's picture

With VIX this low it's going to be hard for the market to maintain this upward push. They have to let VIX rise a bit so they can slam it down and pump equities, but it's too low right now. That means buy puts on SPY for the next couple of weeks. 

Thu, 04/23/2015 - 13:33 | 6022825 Weaponized Innocense
Weaponized Innocense's picture

On uvxy! I have 2500 and if they will in deciet take it to the 7 handle I would love to get more! I have a little bit of the vxx but just a nibble of about 60 or something .... It's been a great time lately to be nibbling on uvxy. But who knows maybe tptb can break it when all hell breaks lose... like its the new normal.

Thu, 04/23/2015 - 13:47 | 6022881 Thisisbullishright
Thisisbullishright's picture

My mind is numb and in shock as to how ridiculously low UVXY is going!!  It really boggles the mind.

I have a lot of it and my ass continues to hurt as I get bent over the barrel on it!  :(

 

Thu, 04/23/2015 - 13:54 | 6022914 Weaponized Innocense
Weaponized Innocense's picture

When she blows she will blow hard!
So in the middle of the night last night they showed a report how first quarter has always sucked throughout history.... So it wasn't sell in May and go away... It's sell on New Year's Eve and wait for spring.... It's not the weather this is normal and low and behold they just figured it out!
Gonna be five percent growth around the next corner! ~ they have been saying for how many years now????

Thu, 04/23/2015 - 13:54 | 6022915 flacon
flacon's picture

UVXY and VXX are widow makers. Never buy-and-hold these instruments. It's better to buy puts on SPY. Look at long term chart. 

Thu, 04/23/2015 - 13:27 | 6022784 KnuckleDragger-X
KnuckleDragger-X's picture

That's not volatility, that's exuberance.....

Thu, 04/23/2015 - 13:27 | 6022790 Quinvarius
Quinvarius's picture

At some point the market will stop responding to derivative side bet purchases and sales used to push them around.

Thu, 04/23/2015 - 13:32 | 6022818 flacon
flacon's picture

How can these market makers keep losing money paying out profits from calls? I don't get it - don't understand this "market".

Thu, 04/23/2015 - 14:30 | 6023046 jump_mutha_fukah
jump_mutha_fukah's picture

They are the same mother fuckers selling the puts by an large...at the end of the day their take is simply time premium on all the sells from both sides of the isle. Strike pinning/Max Pain all in their favor. Worst case they just step in and buy/sell the underlying for delivery with zero premium associated with it.
Only on those really good days when some shit in the global cog breaks unexpectedly when they have to scramble, but hey who gives a shit, when you are making money 90% of the time off the Muppets, you can afford a few give backs

Thu, 04/23/2015 - 14:35 | 6023068 jump_mutha_fukah
jump_mutha_fukah's picture

On a long enough timeline, only the option sellers wind up consistently ahead. Played it both ways for 17 years and that is my conclusion....admitedly, those 10 and 20X gains when you get lucky are a rush, but in the end make 2000% or lose 100%, contrary to first glance, losing 100% is way worse.

Thu, 04/23/2015 - 13:28 | 6022793 The Bell Rang
The Bell Rang's picture

It's about to change gears !!

Thu, 04/23/2015 - 13:28 | 6022794 malek
malek's picture

Still waiting for single-digit VIX.

Thu, 04/23/2015 - 13:28 | 6022795 Squid Viscous
Squid Viscous's picture

Time to reverse split the UVXY and TVIX... again

Thu, 04/23/2015 - 13:29 | 6022801 Inthegreen
Inthegreen's picture

Every day is a new low for UVXY

Thu, 04/23/2015 - 13:31 | 6022808 Yen Cross
Yen Cross's picture

  The neckline in this H/S 5hr $usdx chart has been broken. Should be fun times in Asia.

Thu, 04/23/2015 - 13:34 | 6022826 Soul Glow
Soul Glow's picture

What QE?

Thu, 04/23/2015 - 13:49 | 6022890 Weaponized Innocense
Weaponized Innocense's picture

Have u seen the dollar today as it dives off a cliff. I think it is getting sold off this week when it rises so foreigners can roll over debt easier....
http://futures.tradingcharts.com/intraday/DXM5?anticache=1429656939

Thu, 04/23/2015 - 13:51 | 6022899 MickV
MickV's picture

VIX just closed the Gap from 12/5/14 at 12

Thu, 04/23/2015 - 14:06 | 6022962 Longduckydong
Longduckydong's picture

i'm getting smoked today

Thu, 04/23/2015 - 17:33 | 6023851 gangstaculture
gangstaculture's picture

charts charts charts!!!

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