Vix update June 29 mid-day

With the S+P rally approaching 30 handles you can imagine that the Vix
is taking it on the chin, and it is. Down 9.34% so far for the day.
That is more than enough to capture a good options spread profit.
Anyone short the 19-21 call spd. would have easily captured .25 cents
and those short the 18-22 call spd. would be up .40 cents. The risk
reward is not fabulous because we are so far from Jul exp. (4 wks.)
but still more than acceptable for a good overnight spread trade.