Best Buy - VIX

The VIX is approaching January's high, a full green candle stick and the stochastics reading indicate that this can go higher if the authorities did not step in to impose a rule on naked short selling.

From my understanding, future short selling will have to cover their shorts by a settlement date. We should see a rally due to short covering by short sellers. So do keep an eye on those stocks heavily oversold.


I am planning to get some puts on the VIX tomorrow, I have a feeling that the VIX can go to record highs if this panic selling continues.