Post by
manxcan on Apr 12, 2018 8:21pm
VIX Trade
I have noted over a few years Friday offers best random weekly chance. Maybe due to weekly futures contracts closed off. Right now your overnight looks good as futures show HVY Uvxy would rise.
No doubt $30 lies in the bushes ready to appear but one must see a strong event to move VIX that much. Multiple events possible to ignite the VIX trade.
As to earnings, if several big S&P companies show earnings below prior quarter then a very good VIX trade will be in play. One company can rattle the cage and a decent VIX win appears, several miss and VIX can take off.
I hope UVXY looks strong as I will take the trade tomorrow. Cheers Manx
Comment by
DSurfer on Apr 13, 2018 8:28am
Tks Manx Earnings are a wild card. Looks like, we heading lower this morning. A bit frustrating, yesterday, SP was not reaching my exit targets prices. Close but nop. Will see what today brings. Perhaps sell and buy back lower viewing the daily chart. Will see how it goes... DS
Comment by
LongGuy on Apr 13, 2018 10:17am
Good insight Manx...also very educational...Thanks LongGuy