Bro - look at VIX "speculators"
Journalists and other pundits that have never traded volatility as an asset are all sending us he same VIX net non commercials chart showing the "nervous" investor covering their VIX shorts.
Vol is a complex area and with so many products that offset risk, drawing conclusions from VIX net shorts has little significance.
Why not look at VIX net shorts and SPX?
Big reductions of VIX shorts has seen falling as well as rising SPX, so we leave to you to decide what this latest reduction of VIX net non commercials mean.
Our general view of equity vol is that it is not dirt cheap, but much cheaper than a few weeks ago, thus offering relatively cheap ways to play directional bets via options.
With markets at all time high, we continue to like replacement strategies for the "nervous" crowd.
Sell your longs and shift into upside call spreads.
Vol is a complex area and with so many products that offset risk, drawing conclusions from VIX net shorts has little significance.
Why not look at VIX net shorts and SPX?
Big reductions of VIX shorts has seen falling as well as rising SPX, so we leave to you to decide what this latest reduction of VIX net non commercials mean.
Our general view of equity vol is that it is not dirt cheap, but much cheaper than a few weeks ago, thus offering relatively cheap ways to play directional bets via options.
With markets at all time high, we continue to like replacement strategies for the "nervous" crowd.
Sell your longs and shift into upside call spreads.