OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Does anyone remember me saying on this forum that the time to be long VIX was over & shorting VIX was the next big trade?

Posted by Richard640 @ 11:26 on March 24, 2020  

McElligott: Shhh… It’s Working

What we saw on Monday was a de facto “green-lighting” from the Fed to take profit on “long vol” trades and now pivot towards resumption of “short vol” trades. Hence the plunge in VIX. It has dropped from 70 to 43 today

https://www.cnbc.com/quotes/?symbol=vxx&qsearchterm=vxx

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.