November 11th

I closed that experimental trade; the VIX butterfly for a small profit 6% in 1 days, nice enough.
The reason for closing was, the more I studied the strike and the bid/ask price the more I understood I need to learn a bit more about VIX options. Hence the close and the move of the trade to the paper trading platform.
I send TOS an email requesting a special Wednesday chat (segment) on the VIX options, the answer was promising. Lets see if it makes the schedule.

Market action conformed my work as published yesterday. Break of the trend-line started a sell off. Around 11AM I twittered and signaled a bottom for the morning - That proofed to be a bit earlier but not far off.

I managed to close a part of my RUT IC around the low of the days for 20ct. The market was not eager to take a vertical spread. I had to give them the individual contracts. Within 30' or so I managed to close both legs of the spread (640/650), originally sold for 1.10

What's next for the market? Next week is expiration week - normally a week with a bullish bias. The market has not much of a support line between where we are and Oct 27th low. The afternoon saw good volume on the way up. Today's low is around the 68% retracement of the Oct 27 low and the Nov 5th high.

check the /ES future on a hourly scale and you will see how confused the market was this afternoon. Shooting star and a doji - both very long tails - a lot of indecisiveness