Vix Update August 6

Vix got “smooshed” Friday with the cash closing at 15.64. As we have been saying all along, now is the time to begin to look at various strategies that will allow you to take advantage of any “surprise” moves to the upside. Historically, Vix does not stay down forever yet the timing of it is, as always, key. Begin to price the spreads we have spoken about earlier and get ready folks. There is always a lot on the horizon when one combines an election year in the US with continued uncertainty in Europe. As we speak, Vix cash is up 26 cents.