VIX is filling a gap
On Monday I sold the volatility spike. Hedge though it was I did not want to ride the spike in angst back down again: Bye bye volatility
While I don’t think I am going to buy it back again, volatility has pulled back to a level that an active bear might consider buying. I plan to use shorts in other areas if/as needed, but it’s still an up trending broad market, so there’s your caveat about whole hog bearishness at this time.
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