With US equities closing moderately mixed, the VIX was naturally back in cooling mode, settling -9.6% @ 20.14. Near term outlook is for continued equity upside to the sp'2030s.. which will likely equate to VIX 16/15s, before a floor is solidified. A new explosive wave in the VIX looks due into October.
sp'60min
VIX'daily3
Summary
*VIX saw a distinct smack down in the brief 15mins of AH action... hitting a low of 20.05.
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VIX is set to be increasingly subdued into Wed/Thursday... the 16/15s look viable if sp'2030s.
*I am seeking to pick up a VIX call block in the 17/15 zone.. this Wed/Thursday.
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more later... on the indexes