From our May 16th PRO Update: Botton Line: Nothing to do now, but if VIX starts moving up, especially with momentum, an up blue arrow Buy Signal and close above 20, we will be buying the Jun 21st $25C (1.20-1.25). Minimum expectation would then be a move to VIX $30 for a 4X return on the calls, however a move to $35 would be a 8X return and $40 would be a 12X return. VIX will eventually close above $20, if it takes too long, we will be looking at Sep 20th VIX expiration for a longer term play. In a perfect world, we will be in VIX calls in both Jun and Sep expirations coming out of Memorial Day weekend. If only the world were indeed, perfect. Update May 24th With just three trading sessions to go until Memorial Day weekend, VIX has climbed its way above 20.00. Ideally a close above 20 will coincide with a Trend Model Buy, but no blue up arrow yet. Wait for such a confirmation, or, buy an initial position now and complete purchase if and when Buy is confirmed. Three-day holiday weekend ahead and a VIX spike above 30 way overdue, it makes sense to anticipate at least with a minimal position before Friday. VIX Daily Trend Model VIX Calls: 28 Days to Jun 21st Expiration 119 Days to Sep 20th Expiration
