VIX Daily Chart: Crank Me Up!


If you are looking for voilitility and leverage then the VIX charts will supply that for you as this is where options live and die!  This year I have been adding options into the ETF mix  but will not play the VIX until I have a better trading account built up. Wedges seemed to work as the January explosion was not surprise. If this bearish phase is much bigger than most think then the VIX made-up with SP500 options, should create a new record high.

When the VIX goes vertical then this is the best time to close CALLs and call it a day.  We have another wedge forming as well, but we have to wait to see if the VIX clears my “A” wave in Intermediate degree.

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