Market Rallying (For Now), But VIX Still Rising
By Bill Luby | November 20, 2008 | 12:34 PM | 1 Comment
It is unusual to see the markets bounce off of a bottom and the VIX still continue to climb, but that is exactly what has happened over the past few minutes, with the VIX up to 80.35. This divergence usually resolves in a bearish fashion.
Interestingly, the VIX December 100 call that I referenced in the previous post has pulled back to a bid/ask of 0.75 - 1.00, with 774 contracts now traded.
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