Novice Trade: VIX

If there was any debate as to whether the VIX can short squeeze, today closes that debate. Today's VIX move is far outsized relative to the selloff in the S&P 500. This is because Wall Street was excessively short SPX puts, iPath S&P 500 VIX Short-Term Futures ETN (VXX) , and VIX futures.

This may last through tomorrow into the quarter end (I had thought we would rally into the quarter's end, but now it appears we will not). That said, I believe a fade of the move in the VIX makes some sense....35 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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