Macroanalyst @Macroanalyst: "The VIX futures term structure..."

Singapore

The VIX futures term structure is in backwardation. Our long $VXX position is now earning positive roll yield from selling August contracts and buying September ones. The VIX can spike again but I do not expect it to be as spectacular as the previous one since the starting base is higher than before. It really depends on what $USDJPY does. At the moment, it looks relatively stable but things can change in an instant. $SPY $SPXU $QQQ

5 Mentioned

VXX

iPath Series B S&P 500 VIX Short-Term FuturesTM ETN

USDJPY

SPY

SPDR S&P 500 ETF

SPXU

ProShares UltraPro Short S&P 500

QQQ

Invesco QQQ