VIX upspike...

Nasty upspike in the VIX late today, from about 27 to 33.

Anyone know why? what happened? Something explode?

 

Shake out? Options expiring Friday?

 

Known far in advance... doubtful for a spike like this... something happened. Especially the way they've been comforting everyone with how the VIX has been drifting down.

Maybe Uncle J's money printer ran out of ink?

 

Sold off 30 min into the close. FANG breaking their lower trend lines. Financial sector breaking thru their price supports.

Expect Powell to say something positive to bring them back into the safe zone.

 

vix is just the price of put prices. the guy selling you put insurance wants more money and think prices are too volatile. wider spread. this kind of volatility is not normal either.

 

the indication of short term illiquidity.

 

Possibly Goldman saying yesterday the ralley went to far and a drop of 18% imminent

 

The time correlates with the news that la county extended lockout by a month.

 

I forgot along the timeline there was mother news that hard us pension funds from investing in Chinese securities and in benzinga squwak it was reasoned as the cause of precipitous drop of sp500 for fear of retaliation from China.

 

vix is just the price of put prices. the guy selling you put insurance wants more money and think prices are too volatile. wider spread. this kind of volatility is not normal either.