Jongo, go to the economics forum and read all of the recent short thread 'fed st.Louis'. Tell me what you think. Yellen explained in short sentences.
The VIX is a general market index and not specific to the S&P500. It can move quite a bit in a session where the S&P close is marginal. I trade the VIXY over the UVXY as the margin is better. I'm new to this index trade and it looks to me to be quite an opportunistic trade being relatively quiet over most of a bull trading year.
That looks to be the past.Yellen is capable of spelling out an initial FED's rate increase map and that may not be early Thursday am. She could wait till QE has finished.
If the VIX is low when you buy, sitting with your trade till things get volatile is really only a game of patience. The buy-in timing is the profit as I am finding out. I'll be out of VIXY by end of trading US Thursday and I might even have a short and be closed out by next week.
Then the whole thing could blow up in my face.....ahhhhh trading
