That’s what happens Larry when there are 64 million shares short and only 52.3 million shares outstanding…
VXX (Long VIX ETF) is exploding higher amid the short squeeze…
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XIV (Inverse VIX ETF) is reflexively puking to new lows…
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And that is dragging stocks lower…
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UVXY (Ultra Long VIX ETF) as the ultras come under major pressure…
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But VIX is “stable”…
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As The VIX term structure remains in backwardation and longer-dated vol at highs…
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It appears that steamroller is getting very close to the fingertips picking up nickels…
Charts: Bloomberg
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