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.
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Did not go long VXX , instead shorted SPY at $285.00 Let's see what happens on Monday.
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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.
