Volatility is underpriced, VIX just closed below its Bollinger Bands, this is an ominous sign, it could spike. I set a buy stop limit on VXX , buying short term calls could be another option to trade this. Let's see what happens.
Note
Did not go long VXX , instead shorted SPY at $285.00 Let's see what happens on Monday.
Note
From 10.90 to current 16.00 is a 46% spike. Still short SPY Most G20 country stocks are in a downtrend. When BB contracts and price close below it, then a spike is highly probable.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.