As now is in this strange pattern where ES up, Vix up, signal continue to keep as Long spread signal, also recent VIX curve move is parallel move in front 3 months (long spread help to keep risk low as no real direction in short or long vix)
Entry price reference: 1.06 or better (UX1 is 14.12)
UX1 Indicative range: Low - High 1.01 - 1.11 (UX1 is 13.8 - 14.4)
Stop loss: not set
Profit take: 1.11
Do prepare a UX1 future pop at end of month (also given FED meeting on Wed)
Entry price reference: 1.06 or better (UX1 is 14.12)
UX1 Indicative range: Low - High 1.01 - 1.11 (UX1 is 13.8 - 14.4)
Stop loss: not set
Profit take: 1.11
Do prepare a UX1 future pop at end of month (also given FED meeting on Wed)
However, it got compressed after with very good META & Amazon earning results on the 1st Feb, but yet to observe again with the surprised Non-farm data which may push march rate cut out of question.
Any outright long or short VIX will get whipsawed in PnL if just chasing the tail at the moment.