With VXX weighted about 66,27% on M2, that’s my main concern as we are not seeing it easing down much. It’s keeping VXX up and probably many traders up at night too! Seth do you think expiration in 6 days will rebalance and “fix” M2 and thus giving the VIX curve a chance to revert towards contango?
m2 is lower than m1 but I do see your point. I think a lot of the rebalancing issue is due to the limited amount of VIX futures and forced purchases from Credit Suisse issues. In time it will balance out.
Sorry Seth, yes you’re right I meant M1 not coming down. I suppose you have been actively analyzing the events of this VIXmaggedon and I’m certain most of us are eager to read what’s your take when you find time to write down!
@dageorge42@upspeed the media is making a mockery of the VIX complex right now, agree, over time this like every other blip will subside and while the VIX itself will likely express a higher mean average over the course of the year when compared to 2017, the ETPs themselves can and likely will still express decay.
make sure you check your message box @dageorge42. Have a great trading day guys!
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