Wow! Psycho market builds up a near record short $VIX position in about 3 months when the previous record took 1.5 YEARS to reach the same level.
What could go wrong? https://t.co/ff7lM9CLYK
— Premature Accumulation Pajama Microscalper (@MoMoBagholder) April 13, 2019
For a short squeeze on $VX to materialize, a strong form of convexity is needed.
Leveraged VIX ETP rebalancing (XIV/SVXY/UVXY and some TVIX) was the culprit of 2/5/18.
Right now, short interest/option OI do not create convexity on the same order of magnitude. https://t.co/aNn30W6Rgv
— Barton (@Barton_options) April 12, 2019
Apr 12$VX Futures Settlement Prices for the weekly & monthly #VX futures
Contango term structure – Complacent
Total OI = 418,029
Daily Volume = 260,942 (Huge Volume; way above average of 155,000)Again, institutions shorting $VX futures with both hands pic.twitter.com/NIAsKdGP7R
— Kerberos007 (@kerberos007) April 13, 2019
Apr 12$VX Futures Settlement Prices for the weekly & monthly #VX futures
Breakdown of total volume and OI based on maturities.
May 22nd expiry series traded with huge volume and OI.
April 17th (Wed) with OI = 78,427 open contracts to be expiring. pic.twitter.com/4Rnywkj1ns
— Kerberos007 (@kerberos007) April 13, 2019
CFTC's COT report showing $VIX specs most short since Nov '08 🧐
PS: No. $SPX is not making a 52-week low today.$SPY $VXXB $UVXY $VVIX pic.twitter.com/7B2nEi0Cke
— I Vodenitcharov, CFA (@iv_technicals) April 13, 2019