"VIX," was the third trade discussed on the May 6th Weekend Update, "Three Independent Trading Ideas." This one idea was triggered when someone bought $5 Million worth of a VIX Sep 20th $60C on May 4th. Bringing that trade idea forward to today, VIX is trading just above $20 about an hour before the close, up from a low of $15.53 at the beginning of May. I've already posted some trade ideas to the PRO Service, but this is one of those opportunities that applies equally across the board to all Blue Line Trading System subscribers (TSLA being another). The $5 Million VIX Call Bet As you can see on the above chart of the VIX Sep 20th $60C trading at about the same price as it was that May 6th weekend. If VIX closes above $20 any day before this coming Memorial Day weekend it would behoove all option traders to take even a small position in VIX calls, either Jun or Sep monthly expirations. VIX Daily Trend Model The Daily bar chart of VIX has moved up from $15.53 and extremely oversold. A close above the important $20 round number level would get a lot of attention and the pattern would allow for a run to above $30 into mid-June. Not a guarantee, but, looking back over the past year, above $20 begets $30, or higher, as a panic led spike is way overdue. Jun 21st Expiration Sep 20th Expiration
