Jeff 8:14 am on Friday, February 16, 2018

VIX dropping, still in backwardation

https://www.reuters.com/article/us-usa-stocks-volatility/u-s-stock-volatility-shock-wanes-vix-futures-signal-smoother-sailing-idUSKCN1FZ2I2

Addy 8:45 am on Friday, February 16, 2018

If we stay positive today VIX will retreat from backwardation.
mortlightman 9:34 am on Friday, February 16, 2018

Jeff, on the SPX Mar 16 2840/2860, I have 3 put in an order to sell 1 at 2.95 which leaves the other at 0 cost.
Thanks for this
hcgdavis 9:37 am on Friday, February 16, 2018

Looks like it just went into level/contango at lunch time. At least long term vol still priced in higher so if there is another spike SVXY should hang in there.
- Jeff 9:43 am on Friday, February 16, 2018
  
  This market is always more bullish than I expect. On track to cancel Downside Warning at the close, provided VIX stays below 17.76. It’s still touch and go… any hint of profit taking spikes the VIX.