This chart is very important it shows the very predictable decay pattern that occurs on ALL VIX spikes - every time.
Almost all VIX spikes will have a double top and then decay harmonic that looks like 1,2,3
Because COVID 2019 has already caused a spike to 85 and has already decayed to the 62 mark it is priced in the event very clearly and it will not be expected that the unemployment numbers will have a major effect.
This is VERY critical for those of you who have shorts and puts after March 25th the correction on that day will be your last chance to get out of your shorts.
Almost all VIX spikes will have a double top and then decay harmonic that looks like 1,2,3
Because COVID 2019 has already caused a spike to 85 and has already decayed to the 62 mark it is priced in the event very clearly and it will not be expected that the unemployment numbers will have a major effect.
This is VERY critical for those of you who have shorts and puts after March 25th the correction on that day will be your last chance to get out of your shorts.