6/22/17 Afternoon VIX update: SVXY did in fact trade thru 163.00. To trade the Q's here it would definitely be a gamble but the downside to at least 140.10ish is "assured" so a play towards next week's expiry would work. Let's check the premium for a target of 140 with the Q's now trading at 141.07 bid. The $140 puts are at .74 bid and that's at least "reasonable." So for fun let's log in 2 at teh current .74 market. We'll call it .75 for a $150 bet that the Q's see 140.00 by July 8th. Q's would actually have to see 139.25 to break even but if the drop happens quickly this trade should double. No proper buy signal came in so I'm not a playa on thisn. None of ye should be either. If you can't understand what I just told you then go follow Greg Bananarino...he at least thinks he knows what he's saying but he definitely knows what you are thinking. OK, 2 QQQ 7/8 expiry $140P at .75ea. Let's see what happens next.

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