Vanishing Vix Musical Tribute

IMG Auteur
Published : September 16th, 2017
239 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Market Analysis

Nothing seems to phase the stock market for more than a day or two.

Despite North Korea, hurricanes, poor earnings, and poor retail sales numbers, it’s tough to get a sustained rise out of the S&P 500 volatility index VIX.

I present a chart and a musical tribute to celebrate this phenomenon.

Weekly Vix Chart

VIX Just Keeps Gettin’ Harder to Find

This is a sing-along.

VIX just keep getting harder to find
And all your VIX ain’t bringing you peace of mind
Before you find out its too late, girl
You better get straight
No, you don’t need VIX
To help you face the world each day
That road goes nowhere
I’m gonna help you find yourself another way

No, you don’t need VIX (unless you expect to make 400% on VIX calls).

The above link discusses Billionaire bond guru Jeffery Gundlach VIX bet on which he expects to make a 400% or greater return.

I do not know what options Gundlach bought but I suspect he was up close to 100% within a few days, on that last VIX spike that went from 10 to over 17.

I also suspect he is now well underwater on the value of his options, simply due to time decay.

I have seen this play before. It’s easy to think more is coming then it doesn’t. There is still plenty of time left, assuming he has December options.

Mike “Mish” Shedlock

Source : mishtalk.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.