(Bloomberg) — Traders who have been waiting for the right moment to bet against stock volatility have rarely seen the stars align like this.After soaring some 500% in the pandemic crisis, a popular strategy tracking the Wall Street fear gauge, formally known as the Cboe Volatility Index, looks ripe for a fresh plunge that would deliver gains for short sellers.The iPath S&P 500 VIX Short-Term Futures ETN — a $900 million long-volatility product with the ticker VXX — could soon get hit by a rare bout of bearish momentum, according to Dean Curnutt, CEO of Macro Risk Advisors. Thank technical …read more
Source:: Yahoo Finance
