Volatility a touch higher

With the main indexes closing moderately lower, the VIX clawed a little higher, settling +2.3% @ 12.82. A small spike into the 14/15s seems possible if sp'1730s in the next few days. Certainly though, VIX looks unlikely to break 20 again until next year.


VIX'60min

VIX'daily3

Summary

Suffice to say, VIX a little higher..with the market a little lower

Even VIX 15 looks difficult in the near term. 

It would seem an absolute waste of time to be involved in either VXX, TVIX/UVXY, or any VIX calls for the remainder of this year.

Unless you're an option call writer that is...or can short the actual stock ETFs/ETNs.
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more later...on the indexes