Thread.
As Nifty crashed today VIX shot up by almost 25% intraday I would like to share some of my views.
1) In the year 2020 Vix shot up 20+ a few times which resulted in a downward fall for the coming few days and weeks.
#nifty50 #Nifty #NIFTYFUTURE #OptionsTrading
(1/6)
As Nifty crashed today VIX shot up by almost 25% intraday I would like to share some of my views.
1) In the year 2020 Vix shot up 20+ a few times which resulted in a downward fall for the coming few days and weeks.
#nifty50 #Nifty #NIFTYFUTURE #OptionsTrading
(1/6)
2) First time it happened was on 24th Feb.
3) As you can see just after few days VIX again shot up on 28th Feb and again on the following days which resulted in the March Crash.
4) Here is the Nifty Chart to see what happened on 24th Feb.
#nifty50 #Nifty #NIFTYFUTURE
(2/6)
3) As you can see just after few days VIX again shot up on 28th Feb and again on the following days which resulted in the March Crash.
4) Here is the Nifty Chart to see what happened on 24th Feb.
#nifty50 #Nifty #NIFTYFUTURE
(2/6)
5) As a non-directional trader trading only on Iron Condors my crash started from 24th February itself. Hence I would book whatever positions I have even if in loss and wait for a few weeks for VIX to cool down.
6) Sudden upmove in VIX again happened on 4th May.
#nifty50
(3/6)
6) Sudden upmove in VIX again happened on 4th May.
#nifty50
(3/6)
6) Now see the Nifty Chart. Again a few days of continuous red candles indicating downward bias.
7) It is getting clearer that sudden VIX going up 20%+ is not normal and creates a bearish environment.
#nifty50 #NIFTYFUTURE #Nifty #OptionsTrading
(4/6)
7) It is getting clearer that sudden VIX going up 20%+ is not normal and creates a bearish environment.
#nifty50 #NIFTYFUTURE #Nifty #OptionsTrading
(4/6)
8) VIX shot up again on 31st August.
9) In NIFTY Chart again we can see a Bearish bias for almost a month.
#nifty50 #NIFTYFUTURE #Nifty #OptionsTrading
(5/6)
9) In NIFTY Chart again we can see a Bearish bias for almost a month.
#nifty50 #NIFTYFUTURE #Nifty #OptionsTrading
(5/6)
10) So what to now as today on 21st December we see a sudden rise in VIX?
11) Either we can wait and watch for the next few weeks or we can trade Directional with a downward bias.
12) I would personally stay out for the next few weeks.
(6/6)
11) Either we can wait and watch for the next few weeks or we can trade Directional with a downward bias.
12) I would personally stay out for the next few weeks.
(6/6)
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