Anyone here playing the vix? At 15.xx the vix was a no brainer buy (via VXX or vix futures). But now, at 40.xx I think it's a little overdone. I have a $400 position short the VXX. We'll see how it plays out monday. This is purely acting on gut feeling- hence the small position size.
With the vix this high it's also a great time to WRITE calls and puts, premiums grew big time with the recent run up in the vix.