VIX Surges

06/16/2009 10:48 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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The VIX shot up Monday as the selling and put buying was quite heavy. Even though it closed above the 20-period MA, the ten-period and 30-period MAs are still negative, having turned on March 13. It would likely take another week or so before the ten-period MA could cross back above the 20-day.

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