Just a little fair warning in light of everything that’s unfolded over the past 18 hours, the VIX is at 50.
That would be 50 as in a “5” and a “0”. Put together. To form one number.
So that would be an additional 35%-ish on top of Monday’s historic surge.
Intraday, that’s the highest since the aftermath of the yuan devaluation.
And just so we’re all on the same page here, on a closing basis, that would be the highest since March 2009:
The inverse-VIX ETPs are of course halted and apparently, Credit Suisse is thinking about buying back XIV after what happened on Monday.
Good luck folks…