Thursday, May 2, 2013

Is the VIX ready to pop?

Don't look now but the VIX is close to registering a daily TD Sequential 13 bottom, and has already put in a weekly TD Seq 13 bottom:

Source: Bloomberg

Also note the bullish divergence in the MACD.

And yesterday there was big volume in VIX calls, specifically at the May 16 strike with a 40K print at $0.85:

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