I think VIX was around the same last year when I sold some puts on it. Crazy. With the decay, it should have been trending toward the reverse split already. Crazy shit. I haven't been able to put any money into the market because I'm dealing with some other shit right now, but the volatility would have made me bank this year.
I'm with you in this, it is strange. 30+ can happen on days where there's no major movements but is usually in response to it having been higher in the past. To jump like this suspects massive volume taking place.
Are you not aware that VIX is a decaying tool for volatility, not a stock? The one year proves his point too. It should be lower as time passes. An 11% spike is significant. It affects the premiums and the market as a whole.
Volatility is intermmediate, so it's difficult to explain to a beginner like you. Basically, this is a tool to measure volatility but volatility eventually dies down, which makes it difficult to measure and it is also relative. What this index does is decay over time, meaning that it trends downward, but once it gets to a certain point, it has to reset its starting point or it will go to zero and stay there. Volatility doesn't just go to zero, or we would have complete safety in the stock market because stocks would slightly increase or stay flat forever. It's more relative to what's happening in the short term in which it's decaying, so like a week or a month.
A day having a big jump like that means it's a big spike in volatility. When you see it jumping back to $30 multiple times over a year, that's a sign that the market has been volatile over the year.
I knew a guy who thought VIX was a stock that spiked 4x what it was worth from time to time and he held a lot of it. He lost a lot of money.
The primary way to trade on VIX is to buy exchange-traded funds (ETFs), and exchange-traded notes (ETNs) tied to VIX itself. ETFs and ETNs related to the VIX include the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares Short VIX Short-Term Futures ETF (SVXY).
The primary way to trade on VIX is to buy exchange-traded funds (ETFs), and exchange-traded notes (ETNs) tied to VIX itself. ETFs and ETNs related to the VIX include the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares Short VIX Short-Term Futures ETF (SVXY).
I think VIX was around the same last year when I sold some puts on it. Crazy. With the decay, it should have been trending toward the reverse split already. Crazy shit. I haven't been able to put any money into the market because I'm dealing with some other shit right now, but the volatility would have made me bank this year.
I'm with you in this, it is strange. 30+ can happen on days where there's no major movements but is usually in response to it having been higher in the past. To jump like this suspects massive volume taking place.
Well the other thing is that the SPY is draining while QQQs are gaining- suggests it's hyperinflation driving gains imo
Zoom out to see the multi decade chart and its just another day.
Look at the one year.
https://www.macrotrends.net/2603/vix-volatility-index-historical-chart
Only a fool looks at a one day chart.
Are you not aware that VIX is a decaying tool for volatility, not a stock? The one year proves his point too. It should be lower as time passes. An 11% spike is significant. It affects the premiums and the market as a whole.
Technical analysis can apply to "anything". The one year shows it's already peaked. There's a channel.
The year high is 32. Lower than today's 30.
Looks like next level to test is 24.
If i could do it over instead of just technical trading i would try to bang the finance minister's wife or daughter.
You bet yer ass it's rigged.
Volatility is intermmediate, so it's difficult to explain to a beginner like you. Basically, this is a tool to measure volatility but volatility eventually dies down, which makes it difficult to measure and it is also relative. What this index does is decay over time, meaning that it trends downward, but once it gets to a certain point, it has to reset its starting point or it will go to zero and stay there. Volatility doesn't just go to zero, or we would have complete safety in the stock market because stocks would slightly increase or stay flat forever. It's more relative to what's happening in the short term in which it's decaying, so like a week or a month.
A day having a big jump like that means it's a big spike in volatility. When you see it jumping back to $30 multiple times over a year, that's a sign that the market has been volatile over the year.
I knew a guy who thought VIX was a stock that spiked 4x what it was worth from time to time and he held a lot of it. He lost a lot of money.
Big boy on. The internet. Did you even look at the chart.
Little boy, you just showed that you know nothing of this and you keep going rather than learn from it.
Anyone with 1/2 a brain can trade the vix.
Its just a reflection of the s&p 500.
The p stands for your ability to think or fuck.
The primary way to trade on VIX is to buy exchange-traded funds (ETFs), and exchange-traded notes (ETNs) tied to VIX itself. ETFs and ETNs related to the VIX include the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares Short VIX Short-Term Futures ETF (SVXY).
You can play any index.
The primary way to trade on VIX is to buy exchange-traded funds (ETFs), and exchange-traded notes (ETNs) tied to VIX itself. ETFs and ETNs related to the VIX include the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and the ProShares Short VIX Short-Term Futures ETF (SVXY).