“Friends Don’t Let Friends Buy VIX”

I would NOT be selling volatility here. My title was dripping with sarcasm…
Selling Volatility Is Very Crowded and Dangerous Now
You know a trade is getting crowded when my parents start asking about it. You know just how one sided something is when people think that even Chuck Norris can’t make money buying vol.
Last Week’s Spike in VIX has brought out nothing but sellers of volatility. I think selling VIX is very crowded and fraught with danger.
SVXY Shares Outstanding

This post was published at Zero Hedge on Aug 17, 2017.