There is a substantial opportunity setting up for the Cash VIX, Calls are obviously higher into Friday's RT, but should be followed out to and through Feb 2023 at the 25 and 35 Levels.
The Arbs are beginning to stretch the Bands to extremes, this almost always provides an outsized opportunity at Levels.
24.30 Was the July Futures Contract Support which traded 3 times within the 24-hour period prior to settlement.
The August Blended Continous Contract failed its Support within the 25.80 to 29.30 implied range on the M1/M2 Settle.
Protection is absent on longer-term Timeframes for Retail.
VIX trading has been limited to Intra-Day scalping for the majority of Volumes.
Support for Cash extends off the 4th pivot @ 21.25 and then to 20.425 where Entry should be targeted.
Operators can bleed out VX this time of year and quietly accumulate out months, which is what they will do when it is time.
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