H
Hönig
Guest
@cello Hast du nach deinen Erkentnissen dich auch gezielt positioniert oder dein Setup zurecht gelegt? E.g falls in XIV, wann verkaufst du? Wann ist der VIX "am Boden"? Oder für den Spike traden - hast du deine Short Calls auf den VXX bereit?
Nach meinen Aussagen am Morgen, habe ich mich nochmals hingesessen. Diese obigen Aussagen basieren auf Chart-Analysen von VIX und SPX und aktueller Marktanalyse/Marktsentiment. Wir sehen auch bei Durchsicht der VIX Charts gewisse "Bodenbildungen", das der VIX ja noch tiefer gehen "könnte".... Trotzdem wollte ich die historischen VIX Kurse mal statistisch auswerten, um zu sehen, was ein aktueller VIX von 16.50 bedeutet. Hönig for your service Ich denke für viele ist es nichts "Neues", denn wir "wissen" mit unserer Erfahrung und dem Verfolgen der Charts diese Informationen "irgendwie" auch.
Ausgangslage: VIX Stand 11.03.2016, Close 16.50
Datenquelle: http://www.cboe.com/micro/vix/historical.aspx
Zeitspanne: 2004 - 2016
Erkenntnisse in Textform (Chart und Tabelle habe ich unten)
- Median für den VIX ist 16.55 (ca. Close vom letzten Freitag)
- VIX unter 10 kam in diesen 12 Jahren nur 4x vor
- 38% der Kurse sind zwischen 10 und 15
- 62% der Kurse sind > 15
- 83% der Kurse sind < 25
- 90% der Kurse sind < 30
- 67% der Kurse sind zwischen 10 und 20
- 83% der Kurse sind zwischen 10 und 25
- 30% der Kurse sind zwischen 15 und 20
- 45% der Kurse sind zwischen 15 und 25
- Nur 17% der Kurse sind > 25
- Nur 10% der Kurse sind > 30
Fazit für einen VIX von 16.50 (Close Freitag): Statistisch gesehen befinden sich knapp 50% über diesem Close - welch schöne Erkenntnis Zudem schliesst der VIX bei rund 62% der Tage über 15...und im Casino kommt auch alle 50% Rot, doch gibt es Reihen von 9x schwarz...
Tabelle mit den Werten
data:image/png;base64,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
Die Klassen sind jeweils 0-10, 10-15, 15-20, ...
VIX Klassen-Verteilung
data:image/png;base64,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
Meine offene Frage ist noch, wie lange der VIX unter einem bestimmten Level (z.B. 15) bleibt, wenn er diesen Level das erste Mal unterschreitet hat. Also neben der Klassen-Verteilung noch die zeitliche Komponente ergänzen. Z.B. Close unter 15, dann blieb er die nächsten 10 Tage unter 15. Oder Close über 30, dann war der VIX im Schnitt nur 5 Tage auf diesem Niveau. Wir sehen z.B. in den Charts gut, dass wenn der VIX sich in einem tiefen Niveau bewegt, er dort auch eine Weile ruht.
Happy Trades allerseits!
(1) Man kann zwar schön sehen, wie hier auch schon genügend bekannt, dass der VIX noch einiges tiefer gehen kann.
(2) Ich für meinen Teil sehe jedoch einen Anstieg im VIX als wahrscheinlicher, wenn ich mir die Konstellation im SPX anschaue.
Nach meinen Aussagen am Morgen, habe ich mich nochmals hingesessen. Diese obigen Aussagen basieren auf Chart-Analysen von VIX und SPX und aktueller Marktanalyse/Marktsentiment. Wir sehen auch bei Durchsicht der VIX Charts gewisse "Bodenbildungen", das der VIX ja noch tiefer gehen "könnte".... Trotzdem wollte ich die historischen VIX Kurse mal statistisch auswerten, um zu sehen, was ein aktueller VIX von 16.50 bedeutet. Hönig for your service Ich denke für viele ist es nichts "Neues", denn wir "wissen" mit unserer Erfahrung und dem Verfolgen der Charts diese Informationen "irgendwie" auch.
Ausgangslage: VIX Stand 11.03.2016, Close 16.50
Datenquelle: http://www.cboe.com/micro/vix/historical.aspx
Zeitspanne: 2004 - 2016
Erkenntnisse in Textform (Chart und Tabelle habe ich unten)
- Median für den VIX ist 16.55 (ca. Close vom letzten Freitag)
- VIX unter 10 kam in diesen 12 Jahren nur 4x vor
- 38% der Kurse sind zwischen 10 und 15
- 62% der Kurse sind > 15
- 83% der Kurse sind < 25
- 90% der Kurse sind < 30
- 67% der Kurse sind zwischen 10 und 20
- 83% der Kurse sind zwischen 10 und 25
- 30% der Kurse sind zwischen 15 und 20
- 45% der Kurse sind zwischen 15 und 25
- Nur 17% der Kurse sind > 25
- Nur 10% der Kurse sind > 30
Fazit für einen VIX von 16.50 (Close Freitag): Statistisch gesehen befinden sich knapp 50% über diesem Close - welch schöne Erkenntnis Zudem schliesst der VIX bei rund 62% der Tage über 15...und im Casino kommt auch alle 50% Rot, doch gibt es Reihen von 9x schwarz...
Tabelle mit den Werten
data:image/png;base64,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
Die Klassen sind jeweils 0-10, 10-15, 15-20, ...
VIX Klassen-Verteilung
data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAjcAAAGACAIAAADebdSpAAAgAElEQVR4nO2d/48UVdro5+/qv0BRR3QQBVF2R6cRWQ27Ig5mXniXJTMr9wXakMkuXnW5ztsxcI1yVdoAdwW8ZtYICUHjO+HtDCFoyMSQMcQxZkJM3x+qu+rU1z7V9eU5p+rzyRPjVHdV16nqfj7UqVPPGesBAACYypj0DgAAAMSCpQAAwFywFAAAmAuWAgAAc8FSAABgLlgKAADMBUsBAIC5JFnqnXfemQUAACiYd955ZxRLzc7Ojq4/AAAAPRJ0g6UAAEAYLAUAAOaCpQAAwFywFAAAmAuWAgAAc8FSAABgLlgKAADMBUsBAIC5YCkAADAXLAUAAOaCpQAAwFywFAAAmAuWAgAAc8FSAABgLlgKAADMBUuBlXRbjbGxsbGxsUarK70vdSF8zDkLUAJYCmLpNMcSc5D7erMTfrebwEJrD9ls9MvBzVUsP6Y71EK4O+HuRcXOApgJloJY4kXT6/VCmTOYaL21fal1yEajE3Z4WxXLj+kOdSZG3xbXUiACloIEkv6JH8x24fdGpd5hFw3J2/Eya+XyY5pDnc8H5bCxyp0FMBEsBUnE585Qsot6q9dHFOwGjE+R8ddk6j5ULz+mONT5fA6WAjvAUpBIXO4M57rId/ovg4ZfSIW2E74XEthwzN2r6LV824/ck+RXQ28IvGPw+c1OYF90srj+oU6xG77jFFhp1M0m9fi5SyJ7eUNv0zlQ0XuNGOsDloJkonNnROaMSbJhcQzJL+p24rWWkB8TPi7yPeFexMhXexr5crCFRiO8peFZVfdQj7Qbwy2lvdkcLTXsQMXsU+ggQZXBUjCExJ48JRfFGiWYaYb0NHnbaUR19fWJSXzJnYKDTftvkwWzdPSrUVdvocOgem7wtrirwcSmxx/qtLsRSurRPX6pNpufpZIPVGhjrtwwVJ3AUjCMcO5M7oOKv6+ilasj/vmsZakwoSQX9lDUB0e/mpx+k0Yeprh5M/xQp9uNqMMdefJGbF12SyUeqMGuettSewqhLmApGEowd0b/azzOUqF/2A9J1sp2OvHjs2NSf3KfVmBXAqku+dWEvidvL7SSb3hL8d2m8WNUUu9G6CM0+jKHbbZgS6X8ZwZUFCwFw/HnzshENPxp3GYzMOBP58OU7Dls9ETsfSnfqsnOjH81YevKJ2S21LBDnWE3Qp+QdFQ0N1uwpeLsiaTqBZYCDdTcGXdvINJSvoUxz/kmfFavF+ep2N6hqLv9Qwb6xXeKea/qddtl7fHrDTvUGXYj9AFRlkq52aItpdf7CxUHS4EOXu5sNmNuYEdoInQ/fGjhiajtRHoqmNGismOCpXwb1rpNpTWKPgdLDTnUo+9GaAt6NxUTN6unn4izrnWguAkFvV4PS4EmwX/VhrNZKNFFKin4nG/CJ0X2+8SNNws/LxxeqdtqJIgu+dVYw/pWy8NSQw71yLuRvDujbTaxjy5Yk2TIiknnNADaqhdYCvTQf9w1dPsleshzXLJJ7jmM74FLGAAQMfQt7asJ7xjL2VLDDvWIuxG7fnL7EzebfOUUJocev+BOQfXBUqBJ5L+Jo1733/dPuusTmURjOp8C0ktOc/33hbuMYjK01quRb4m5IslkqaGHeqTd0PmAtJuN+SDfZtTyEplHoid9r6CqYCkAMJHoYTrpnQ+2g6UAwESiLqp1ht9A1cBSAGAkFPGDXq+HpQDAYCJMxQ2puoGlAADAXLAUAACYC5YCAABzwVIAAGAuWAoAAMwFSwEAgLlgKQAAMBcsBQAA5oKlAADAXLAUAACYC5YCAABzwVIAAGAuWAoAAMwFSwEAgLlgKQAAMBcsBQAA5oKlAADAXLAUAACYC5YCAABzwVIAAGAuWAoAIE9uthcuPvzgxfENEfHwgzfbC9I7aBlmWarTHBsba7S6gcXdVmNsbKzZ8b9vbMz/5siFAADlcrO9cHF8w6WNj4Tj4viG8i0VkVdHSKG6qwwWuQm722pkS8nmWKrTHBtrdjrN0AHqthqNVqvpNrrbagze4/1v5EIAgNIxyVJReXWEFKq9ykBJ3VbDydidpnqBMRLmWMohZKluqzHW7ChN7S/wvz9yIQBA+ZhkKQdfShwhheqvErBUDo4y31KDRvos5b/gVA9N9EYCtNvt2QGHDx+eBQDIxrF/m/nbK6+8t3PH/9n61IXxhxIs9d7OHdk/LpC42u22fl4dIYWmWaXf49dodTN39fWZNdpSnpvytJRKYQ0BgCpzb2npzoXz3bdOXJvee+mx8c8fekCNoq+lUiauMi2lrNPs9AcVZBssYLSlvDtzyg260GVmsxNxQap7lYmlAGAov62v//TN9VunTy0dO3L1ld0BJ4XDcEulTaHpV+n/6b01g6aMtpR/eSGjJ7AUAIRZX129e/XKzfbCt4cOLk5uH6qlL7dtuTa992Z74cfFxRt/mzfZUoWOnhi8u/+Hd8umEpYaXBlGj4T0iVp565CFQ8FSANDr9X75/vbK5Us32wvXpvd+sXnTUC19tWPq20MHb7YXfvrm+vrqqrqpEp6X0k5c0XlVO4U6QwRTreK/cBq8I8sYCnMsJUNlGgIAqfjpm+s/nP30xvzxa9N7hzrp84ceuPrK7hvzx2+f+einb64nb/nn5eWb7YW4+Hl5OfvO1ypxYamKNASg2txfW0tI/ffX1oau7txY+u6Nua9f2jXUSZceG782vXf55Lt3LpzPxSv5UqvEhaUq0hCAapO2G+3XlRXnxtL1/TM6N5YWJ7df3z/j3Fj6dWVFpI361CpxYamKNASg2gx9VPbn5eU7F84vn3w3cmh4OL5+add3b8zdOn3qp2+uD70UM41aJS4sVZGGAFSbZEvp3Fi6Nr33xvzxH85+OvTGkvnUKnFhqYo0BKDapLXUF5s3OUPDVy5fMvDGUkZqlbiwVEUaAlA97i0t/XD206VjR5zxDsmWWpzc7gwNv3v1SmBoePWoVeLCUhVpCEAFcO4tdd86EVnfIcFSy++dlN73UqlV4sJSFWkIgI38urKycvmS5pAHwwqNS1KrxIWlKtIQACtwKw/plHj4aseUOwzPvOkwJKlV4sJSFWkIgJk4j9M6zy19uW3L0IeW3LJDv62vq9thmnaVWiUuLFWRhgAYgls+/Ls35oY+TvvF5k3Os7RDhzyUUHbIImqVuLBURRoCIMi9paXbZz5yB+MNrTxkS4kHY6lV4sJSFWkIQFqyVMZzBuPdmD+uM9nStem93bdOrFy+9Mv3t0trXbWpVeLCUhVpCEBaUt3pcSa2cKamHaolp3z4D2c/rVtHXGnUKnFhqYo0BCAtyaPm/vutv/+4uOgMxhs6Rvzrl3YtHTuiM6sF5IJ+4vKmgFIn7fPmQY+anTDy1YiFg0Xu5FHZ5uSNA0tVpCEAaclSGW9xcrs7RjwwGA9KQDdxebMYBiY0zGFa3oGSuq2Gs93gPPR5gaUq0hCAtKSy1JfbtjiD8WysIF49NBNXt9Xwzbs7sIpiE/9k8zGvxi1ULVWUo7BUZRoCoM+vKys/nP30qxemEizlDsarQ1k860hxLeU6aKAaf7dchKXCr8as0u/xa7S6xXT19cFSAHXh+L59/7lj6hOl4kOCpd7buUN6fyGWubk59c92ux2T4bzbUu4dpfwspazT7LgflbuuZrGU9C4AFMhv6+srly8tHTsSWfeBmkOWMkriGnTJhbrvfB11ka8mrtL/03tr3prCUhVpCIDKrysrt898dH3/TNyjtd8eOnj93/djKUtJn7iUcRQ5jZ4YvLv/x8BdnSaWypfKNASg1+vdW1rqvnXiqx1TkXL6ctuWG/PHf1xcdEblURnPXnQTl9Lhp17+RC32jwEMrRS30Ces0AflApaqSEOgttxfW3P69OJKjH/90q5bp0+FH7ClMp691CpxYamKNATqxi/f37595qO4ShBOn96dC+cZnldJapW4sFRFGgI14e7VKwl9eouT22/MH7979Yr0bkKx1CpxmWWpTjM4jjFFeY/kmh8x1Opkg6XcX1u7c+H8d2/MxfXpXX1l963Tp6jlWh9qlbjMsZRz7y4wEt8dLhI9xERjCMoQanWywS6cPr24ouNfbN703Rtz9OnVk1olLnMs5RB6Xiz0gn4BDx1qdbLBCu5evXJj/njc/IGLk9u7b52gT6/m1Cpx2WIpb/koj0b7abfb6iPcue4/wCisr646fXpx1cevTe+9feYj+vTAAUs5GGSpQDGqjJZSqdXJBtP4eXn51ulTcfPbOn16K5cvUd0VAtQqcVlgKX9v3ggFPJKo1cmGotGc/fbHxcWEPr2vdkx13zrBRE2QQK0Sl+mWUsp6DGD0BJhKcjWH6/++/9tDB+P69K7vn7l95qNfV1akGwEWUKvEZY6lImr3Bpa57tEv4DGUWp1sKJq08wp+uW3L0rEj9OlBWmqVuMyxlAyVaQiYgKalvtoxtXzy3XtLS9L7C7ZSq8SFpSrSEDCBZEv9a2ryh7Of0qcH2alV4sJSNjXk0T//06KQPloCLL93krkwoATsSlwZwVI2NURcPFgqgXtLS/9vy2YsBSVgV+LKCJayqSHi4sFSkdxfW1s6doTZb6E07EpcGcFSNjVEXDxYKszdq1fUydqxFJSAfuJSBj9r1+bWLec9WOSOqi5gOvkelrKrIeLiwVIq66urgSnb/zU1yey3UAJp5upV5pH35uLNYUb5gZK6rYaz3RTlFFKBpWxqiLh4sJTLD2c/VefR+HLblrtXrzD7LZRDFksl1+bWL+cdsFRRjsJSdjVEXDxYqtfr/fL97cBsGkvHjvBYLpRJisTl9tQNHJJc9TRNodT+phutbjFdfX2wlE2IiydVSB+t/PnroUPv7dzxfx/xns89u+nx4/v2Se8X1I65uTn1z3a7HZfiOs2xsUar22m6nsrPUso6zY57Byx3Xc1iKeldSIG4eOp8LXVvaUmdx/3SY+PLJ9/9bX1der+gjugmLrUbbtBtl1ybO3057/6f3lvz1hSWsqkh4uKpp6Xur6113zoRmMGdqZ5AEM3E5Rsc4Zbuzmn0xODd/T8G7nInWM8NLGVTQ8TFU0NLBQaaf7F5063Tp6R3CuqOduLyVez2XVYFl3nzT+iX8/ZdOA3ekfsYCixlU0PExVMrS62vrn576GBgco311VXp/QKwLHFlBEvZ1BBx8dTHUncunA8MNF+5fEl6pwD62JW4MoKlbGqIuHjqYKlfvr99bXovA83BZOxKXBnBUjY1RFw8lbfUrdOn1Ll0v9oxxczuYCB2Ja6MYCmbGiIungpbKjDQ/POHHmCgORiLXYkrI1jKpoaIi6eSlrq/trZ88t3AQHOqGYHJ2JW4MoKlbGqIuHiqZ6nAQPNLj40z0BzMx67ElREsZVNDxMVTJUutr666k0Ix0Bzswq7ElREsZVNDxMVTGUsFBpp/sXnTnQvnpXcKQBe7EldGsJRNDREXTwUs9cv3twOTQjHQHKzDrsSVESxlU0PExWO7pQIDzRcnt9+9ekV6pwBSY1fiygiWsqkh4uKx11L3lpYCk0Ix0Bzsxa7ElREsZVNDxMVjo6V+W18PDzS/t7QkvV8Ao2NX4sqIWZbqNENzaLkTTY75Z+HSXDgMu062uHiss9Tdq1cWJ7cz0Bwqhl2JKyPmWMqpG++fBVJ/ppPkGVNKbUiBiIvHIkvdX1sLDzRnUiioBnYlroyYYykHn6VCE0T25zbWXKiDXSdbXDy2WIqB5lBt7EpcGTHdUv4evb6QNBfG0W63ZwfMzc0V0YyCEBeP+ZZaX10NDzTnWV2oGClmlPcx+Ld88v0R3Vsqg0Xq7Ip5T9Tbq6elVOz6J4m4eAy3VGCg+ZfbtjDQHCrJKIlrMOV7XjPKD7Jut9Vwtut+QM6Ybil/P16zk2ahDliqGpb6eXk5PNCcZ3WhqqRPXF6OTL4/kuo+i2qpohxluKXKGT1hEeLiSRXlHJO/Hjr0n/4ZN85uevz4vn3lfDqACHNzc+qf7XZbP7Mm9zyl6azq9/g1Wt1iuvr6zBpjqW6roXSfKgc02KOaZuFQCmhIgYiLR+Ra6v7a2s32QmT817H/+FfzeQaaQ91Imbh810L5WUpZp9lxU3DuujLHUjLY1RBx8YhY6mZ74eLDD14c3xARDz/oKura9F4GmkNNSJe4nMd8Bn8l3x9Jf0ul/6f31rw1haVsaoi4eMQsNb7h0sZHwnFxfAMDzaGGpEpcUbeechg9MXh3/4+BuzpNLJUvdjVEXDwGWuqrF6YYaA51I0Xi8l8HecuC90e8C65U91n8o91S3nHRA0vZ1BBx8RhoqZvthbw+CMAW7EpcGcFSNjVEXDxYCsAE7EpcGcFSNjVEXDxYCsAE7EpcGcFSNjVEXDwillp+7ySWAlCxK3FlBEvZ1BBx8YhY6qsXprAUgIpdiSsjWMqmhoiLp3xL3Tp96vOHHkh4XgpLQQ2xK3FlBEvZ1BBx8ZRsqR8XF9UJdiPLT/y8vJz9gwDswq7ElREsZVNDxMVTZvx+3+nzjzzsKGrhqamJA+dMFioYQf+RneTHSosri1oediWujGApmxoibo7SYvP+zpnHn3QUdebxJzfv7xT6cdIn1j6KOf6B6jqeTvpPnA6bk8dbIanmtJ6l/HUXTNOaXYkrI1jKpoaIy6OcmDhwbuGpfpnz8488/Pxr7xf9idIn1j6KOf6xltJDUycFbbZU7EpcGcFSNjVE3B/lxNHnvMl2/7j7RAmfKH1i7aOY4x9jKXW+BO/iaiCO/krKmxqtbuA6bCzyJaUIq/cmtWKQUui7kNI/o2NX4soIlrKpIeL+KCFmXjziKmq2ebCcD5U+sfZRzPH3T98TIQZXY2FL9fwXPYrhvGqo6rqKolQ5+uwWNWugGdiVuDKCpWxqiLhCio4XXl1wR0y8ve2l0j5X+sTaRzHHP/G+lE9cGS3lH2Hhu9pyX8FSpoClbGqIuEUKjWde//CTjROOok49sb3QQX0xWRJ0Keb4x1jKGzThCkPbUoqCBpvuNMeaHXXKpegbVVjKFLCUTQ0RF0lxMXHg3KkntjuK+mx84zOvf1jmp0ufWPso5vjHW0qZUiIgrk5zLOQw37qhoX6hmf2iBwRG9P2Zg12JKyNYyqaGiLukuPj7s7vdQX279pws+dOlT6x9FHP843r83PtVzWZ4UccVUUyPX/A2l2+ziuviB2j0XzVIVXYlroxgKZsaIu6SguIvO2bdERMzLx4pfwekTywUhe8JKwOviUYlTeKKm/LQ3w+qEvlqxMLBInezBUwn38NSdjVEXCdFxB93n3AV9ebktMg+SJ9YKAzftVRVHJUmcUU8CZ3TjPIDJXVbDfcWYCFHuHhLBQ7DsKfHSwZLycbv953+bHxjOWWQsBRUBt3EFTedvLcsmJEjX41bqFqquCvVYi0VGOFp4L9oZq1CXCr5RsllkBJC+sQajfRv1HqKOClzc3Pqn+12O/qz/SnYvR2XcN0Q+WrMKv2tN1rdYrr6+iR8CQuzlEGS4lpKMv6xdWeZZZASQvrEAqRDN3GpDhoMvs/PUso6SpmO3HVVrKV6veSyj/JgKakovwwSloLKoJu4fHoJDcFXFqprhF9NXKX/p/fWvPN9gZbqthpjY41WN3xBZdDFFJYSiek/vOkq6vDUAfH9kT6xAOnQTlz+J6Ljh0J4aI+eGLw7UKsj4gm1jJhuqUAJyT66AyWHg6XKD6kySFgKKkOKxBVRSDd2cHrgWbRhq/gvnAbvyP0qpPgevywo15mRD4rr/usgHixVcmyd+dgtg/TBxNNSg/qwFFiNXYkrI/ZZSn+gpA52nWzxbJ4xJg6caz85KVUGCUtBZbArcWWkHEt5BUZSF250L1fDtSX7L2sMQfHTbrfVAZ1pGiKMeDbPGLJlkLAUVAYs5ZCXpbz+zPBgkaH0S0l2msmD/VNZatSGyCOezbPEgZ2H3RETB3YeFt8fLAX2YlfiykgJlurflIsc0jh8VbVCVPyYyOSxlQnYdbLFs/nI8fKf3hYvg4SloDLYlbgyUralvNL7GvjGQbgjUBg9YVsYUgYJS0FlsCtxZaSM+1LBoeijDUT3F97VHCg5FLtOtng2HyE27+98MPG0WwZp68zH4ruEpcB27EpcGSln9ET0U08mYNfJFs/mI4Q5ZZCwVAn8a+o5t2tXjX9NPSe9axWat8O2xJWRknr8lLmcqT0xOuLZPG0cnjpgThkkLFUCnz/0wKWNj4Tj84ce0FhbGQWVf2U1dV5E/S2Hb6SXNKlSMnYlroyUZKmRu/yKxq6TLZ7NU8WrL88bVQYJS5VATpby6iDkx2jXUkFLlTapUjJ2Ja6MlPRUb+ipJ1Ow62SLZ3P9MLAMEpbKhbtXryxObo/s1nMizlJxsTi5/c6F871eb6CA8JR04YclO82xZsurwR0oxx27StArEdWDOs2xZrPf56PeF/fKC5QzqVIydiWujBRnKd/AB66lckE8m2vG1pmP3YmjPph4WnDiKCyVO8mKGsFSnz/0wKXHxnu9nps0/P1nccpRhvcqw3/7BU91LKX21HlrqHcoegk9fkVPqpSMXYkrI1jKppMtns11wtgySFgqF26dPpW7pW7MH+/1en1vtAK9fcnK8T3EP3hdz1KBexHhLffXj0lYBU+qlIxdiSsjZtfxKx67GiKezXVi/nd73OxjVBkkLFUCudyX8nf5FWmpCP9oWqrwSZWSsStxZaScWRB9Z7nTNGhAul0nWzybDw2TyyBhqRLIafSE6inPQkpn3FBLJaySPNgv6K4ol5UxqVIydiWujJRjKeWS2v3TDE/ZdbLFs3ly7Npz0uQySFiqBC5PPBbZp3d54jGNtQN3ioLTHTU7rgySLZW8SuToCbeXMWQlr1Z2xF4WN6lSMnYlroyUMxJd+feN89/UpdGLwq6TLZ7NE+KZ1z90yyC1n5w0sAwSloLKoJ24osv3DJkzVnea2ZIeHSvRUk4DsFQGxLN5XFhRBglLQWVIY6mQN3KaUb60R8ck6vjR4zcq4tk8Lt7e9pL5ZZCwFFSGLJZKnjNWf5rZ0h4dK3mMX6fpVEc3ZjT6rFWIZ/PIUMsgvfryvPj+jBDSJ9ZopH+j1lPESZmbm1P/bLfbMR+e8GCyQ4SltCfwK+nRsYQvYVZLdVsNbwZDnpfKA/FsHg6LyiAlhPSJBUjHCIkr1FPnkMVSyjpFPjqGpbDU6PH8a+9bVAYJS0FlGCVxKSMEEuaMTT/NbOGPjhVnKWMGSCSCpUYO68ogYSmoDCMkLv/Q/hxGTwzeXfijY8VZanBM8q/AnydYarSYOHBu4akpu8ogYSmoDLqJS+3JClQnDPZsRTygNnSa2XIeHSv2WioGgy6xsNRo8ebktHs76uU/vS2+P1gKaoVdiSsjBd6XihmBjqVGRzybO2FpGSQsBZXBrsSVkSIt5UCPX36IZ/NH//zPXXtOuiMm5n+3R3x/sBTUELsSV0aKt5TZ2NUQ8WxudRkkLAWVwa7ElZESLMVI9NyQTeUTB86demK7vWWQsBRUBrsSV0awlE0nWzaVq2WQXnh1QVwtWApqi12JKyOl9/iFHluWxa6TLZjHZ5sHbS+DhKWgMtiVuDLCtZRNJ1sqif9x94kKlEHCUlAZ7EpcGRGwlEmXUpadbJEMrpZB+sfWneJGwVIAdiWujJg/xi/uKemQ8pLn9YrBrpNdfvrevL9TmTJIWAoqg12JKyPFPtWb/bIp4jZWujJTQ7DrZJecuytWBglLQWWwK3FlpEBLedNIBfv8tO9LRVWs1Z+kSwe7TnbJufvoczNVKoOEpaAy2JW4MlJCj1+4oJ+2pfx6cyshpp7+xE+73VYnE9NuiDxlJu6ZF49UrAwSloLKgKUc8urx65fa7Ysk1YQeqm6UGusZLZW6IcZQWtZWyyD9/dnd4hbBUgAqdiWujJTQ4+dZapQeP083SfNxJc/rlbEh5lBOyn7m9Q8/2ThRvTJIWAoqg12JKyNljPEbXAX1++/SDKnwroqGDJRg9EROoZZB+mTjRJXKIGEpqAx2Ja6MGD8S3bs1NXw+rhGeGrbrZJeQrytcBglLQWVImbic7KgkxuTndnQf9RkscjdcwHTyvYItFTfBFLUnRqToZP2XHbMVLoOEpaAypEpc3Vaj0Wp590FymlF+oKRuq+FsOcWtllRgKSzVD7UM0tHnZsTNgaUA4kg5w58zPqCfeJOf29F/1CdgqaIcVVaPn7kzIc5aRV5JefP+zmzzoBrHJve5g/r+15Yd4tooOaRPLEA65ubm1D/b7XZcihvIw2ephBHRaQZRe0MNiunq6zOLpaR3IQW5JeXmwYsPP3hxfENEPPxgJevJJof0iQVIh27i8txUhKWUdZRh3Lmn+kItRY9fzuRpqfENlzY+Eo6L4xtmmwfFtYGlABLQTFyhFBzZfedLyOkf9en/6b01b01hKSyFpbAUWEb6xNXJffTE4N39P7yuRassZQF2NQRLYSmAXkZLxc804VahC19RxC30CauYqxAsZVNDsBSWAujZlrgygqVsagiWwlIAPdsSV0awlE0NwVJYCqBnW+LKCJayqSF5JeX/eP7fsBSWAnuxK3FlBEvZ1JC8kvKpzc8mPC+FpQAMx67ElREsZVNDcsnIu/acdCsh/e3Z3YEiFLPNg8+/9r64NrAUQAJ2Ja6MYCmbGpI9HU8cOPfBxNP1md4QS0ElsStxZQRL2dSQ7On48NQBR1GfjW+sydxRWAqqh12JKyNYyqaGZMzFz7/2vltSdubFI+JuMCekTyxAOuxKXBnBUjY1JGMubj856c4TLy4Go0L6xAKkw67ElREsZVNDsiTimRePuJPw/n7faXExECOH9NcQ5LErcWUES9nUkJHz2taZj92+vhoONK9YSH8NQR67EldGsJRNDRk5r7297SVHUR9MPD1x4Jx4niWyhPTXEOSxK3FlBEvZ1JDRkpo6VfyuPSfFkyyRMaS/hiCPXYkrI1jKpoaMkNE27+98snHCUXbfWEoAABDHSURBVNSbk9PiGZbIHtJfQ5DHrsSVESxlU0NGyGhvTk47ivpk48Tm/R3xDEtkD+mvIcijn7i8eaHUyQm9GWqjpiyMfDVi4WCRO6NUARP19rCUXQ1Jm85eeHXB7et79eV58fRK5BLSX0OQRztxdZp9hUTPtptlrt6BkrqthvMZwcnp8wJL2dSQVLls4sC5U09sdxT1j607xXMrkVdIfw1BnpHm6lU049nEW+4Q+WrcQtVSRTkKS9nVkFS5bLZ50H1AimJIVQrpryHIM0KPX0y3XISlwq/GrNLv8Wu0usV09fWxwlLOcVY8rdttOpxZq9BPZL/fd9p9QOrAzsPiiZXIMaS/hiDP3Nyc+me73dbKos1OL09LKes0O64Pc9fVrPmW6rYajVbLu5rU7jbVocyGZEc/kS08NeUo6tQT28WzKpFvSH8NQZ5REtdALqHuO19HXeSriav0//TemremjLdU//B4x0W/21SHSlpq+g9vun19NZwsqvIh/TUEeXQTV6fpG5DnJMmcRk8M3t3/Y5CjlY/MCdMt5bVcsVTqC1I/7XZbvXAucO/zRieFbZ35+LPxjY6lDk8dEE+pRO4h/TUEebQzsDcQXU2KylL3X/d+iwVfjV3oE1bg5Zww21Kem/K0lEr1rqX+/uxuR1FnHn+SYkiVDOmvIchjV+LKiNGW8sZDKP8YSN9tmoRdJ3to/nr5T2+7D0i9/Ke3xfMpUURIfw1BHrsSV0aMtpRCh9ETvWGWmjhw7szjTzqKmv/dHvFkShQU0l9DkMeuxJURCy2Vptt0KHad7OTkdfS5GbcYEg9IVTikv4Ygj12JKyO2WKoo7GpIQuZ6/rX33b6+6T+8KZ5JieJC+msI8tiVuDKCpWxqSELmcoshLTw1JZ5GiUJD+msI8tiVuDKCpWxqSFza+suOWfcBqWde/1A8jRKFhvTXEOSxK3FlBEvZ1JDInPXM6x+6xZD+siNFFSXC0pD+GoI8diWujGApmxoSmbP+sXWnWwyJB6TqENJfQ5DHrsSVESxlU0PCCevVl+fdQRMvvLognkCJEkL6awjy2JW4MoKlbGpIIFttnfnYnS3+6HMz4tmTKCekv4Ygj12JKyNYyqaGBLLV/O/2uA9I0ddXn5D+GoI8diWujGApmxqipqpde066fX1/3H1CPHUSpYX01xDksStxZQRL2dQQN09NHDj3wcTTjqL+/uxu8bxJlBnSX0OQx67ElREsZVND3Dx1eOqAo6jPxjdSDKluIf01BHnsSlwZwVI2NcRJUs+/9r77gNTMi0fEkyZRckh/DUEeuxJXRrCUTQ1xklT7yUlHUe0nJ8UzJlF+SH8NQR79xOWV4VZnivBmRYqaPyLy1YiFg0Vufe8CppPvYSm7GvLon/858+IRtxjS7/edFs+YRPkh/TUEebQTlzu/e/TkRllmlB8oqdtqOJpKMbFfKrCUTQ3ZOvOx29c32zwoni4JkZD+GoI8IyQudwrz0JyxPk1Fvhq3ULVUUY7CUnY15O1tLzmK+mDiaR6Qqm1Ifw1BnvSJy7ORv1suwlLhV2NW6ff4NVrdYrr6+mApa/jbK6+4D0jt2nNSPFcSUiH9TQR55ubm1D/b7XZyolNdlJ+llHWaHfcOWO66msVS0rugxf21tS+3bXEU9ebktHiiJARD+ssI8qRKXP7+unD3na+jLvLVxFX6f3pvzVtTWMqOhtyYP+4WQ9q8vyOeKAnBkP4ygjz6iavTHAveL8pp9MTg3f0/Bu5yx2vkBpayoCH3lpbcvr5XX54Xz5KEbEh/H0Ee3cTljUP3dcYpi12DeTqLejV2oU9YgZdzAkuZ3pDf1te/fmmXo6h/bN0pniIJ8ZD+SoI85ieuHMFSpjfkZnvBUdSlx8YphkQ8iqXAhsSVI1jK6Ib88v3tS4+NO5a6feYj8fxImBDS30qQx/DElS9YyuiGXJve6yjq65d29WJmlCfqFtLfSpDH8MSVL1jK3IbcuXDe7ev7eXm5h6WIP//zUSwFZieu3MFShjZkfXX1i82bHEstn3zXWSieHwkTQvabCSZgbOIqAtMtlaKgb3KV3xiMPdnfvTHnKGpxcvtv6+vOQvH8SBBpQ/Z3VFWMTVxFYLiltAv6Jj+nFo+ZJ/vu1SvuA1J3r15xl4tnHIJIG4K/owpjZuIqCMMt5ZFc0De5ym8CBp7s39bXFye3O4paOnZEfUk84xBE2pD6HVUbAxNXcdhiqSEFfYcUQ/TTbrfVoo2F7vcIdN864Sjqy21b1ldX1ZfEMw5BpA2p31G1wVIOBllqaEHfVJZSMe1k/7y87Pb13blwPvCqeMYhiLQh8juqPKYlrkKxwFI6BX2Tq/wmYNrJdoshXZveG35VPOMQRNoo/0dUB0xLXIViuqV0C/pWYvTErdOn3Aekfl1ZCb9BPOMQRNoo/3dUB4xKXEVjtqVSFPSNXjgUc072rysrbjGkW6dPRb5HPOMQRNoo+XdUE8xJXCVgtqWKx5yGXN8/4xZDch+QCiCecQgibZT8O6oJ5iSuEsBSRjRk5fIld9DEvaWluLeJZxyCSBtl/o7qgyGJqxywlHxD1ldX3dniu2+dSHineMYhiLRR2u+oVqRKXJ1mqCJPcqUe3eI+g0XuPZYCppPvYSkTGrJ07Ij7gFRcX5+DeMYhiApHaT/57GgnLmf8mf/hnJxmlB8oqdtqOJpKMbg6FVhKuCE/fXPd7ev7cXEx+c3iP2OCqHCU85PPhZSJy2ep5Eo9+sV9ApYqylFYalaUvx46dHbT446i/vf2Z4a+X/xnTBAVjhJ+8nkxNzen/tlutxPzXNBSCTUQ0pRN6Pf4NVrdYrr6+sxiKcFPXz75rqOoLzZvChRDikT8Z0wQhAmRMnEVZCllnWbHfRgod11hKbGG/Ly87D4g9cPZT3VWEf9tEARhQmS0VEKlnvTFffp/em/NW1NYSqwhV1/Z7Sjq6iu7NVcR/20QBGFCZLFUXqMnBu/u/zFwlzvdUm5gKZmG/HD2U7cY0i/f39ZcS/y3QRCECaGduPz1e5LK93jV6PSL+/gunAbvyH0MBZYSaMj66qrb13ezvaC/ovhvgyAIE6IyGVgHLCXQkG8PHXQU9dWOqeQHpAKI/zYIgjAhKpOBdcBSZTfkx8VF9wGpn765nmpd8d8GQRAmRGUysA5YqtSG3F9bc4sh3Zg/nnZ18d8GQRAmRGUysA5YqtSG3Jg/7hZDur+2lnZ18d8GQRAmRGUysA5YqryG3Ftacvv6Vi5fGmEL4r8NgiBMiMpkYB2wVEkN+W193Z0t/vr+mdE2Iv7bIAjChKhMBtYBS5XUkJvtBfcBKZ1iSJGI/zYIgjAhKpOBdcBSZTTkl+9vuw9I3T7z0cjbEf9tEARhQlQmA+uApcpoyLXpve5s8Vm2I/7bIAjChKhMBtYBSxXekDsXzrt9fT8vL2fZlPhvgyAIE6IyGVgHLFVsQ9ZXV7/YvMmx1PLJdzNuTfy3QRCECVGZDKwDliq2Id+9MecoanFye6piSJGI/zYIgjAhKpOBdcBSBTbk7tUr7gNSd69eyb5B8d8GQRAmRGUysA5YKreG3GwvqLH83skvnpxwFPVf/+ONXD5C/LdBEIQJUZkMrAOWyq0hFx9+8OL4hoh4+MHuO/8zl48Q/20QBGFCVCYD61AhS3Wawam+NMjTUuMbLm18JBwXxzekmkQqAfHfBkEQJkSKxJWcGCNfjVg4WOROcVjAzPFxVMVSyXMkx4OlCIKwLnQTV06Txw+U1G01HE0Npo8vhYpYqttqKAet09TWFJYiCMK60ExcyYkx8tW4haqlSnVUlSzlv15NslS73Z51mZubzYkES723c0denwIAEEhc7XZ7hMQY+WrMKv0ev0arW2JXX5/ZGlpKJceGlHAtZdphT8CiXe1ZtbcW7WqPvS0MzV3Nz1LKOs1Or9tqpB0CkIHqWMp/lap7PYqlCsKiXe1ZtbcW7WqPvS0MfUslJMbIVxNX6f/pvbUUTVXEUjUZPWHcYY/Hol3tWbW3Fu1qj70tDN1dzWn0xODd/T8G7uo0sVQqBteg6mDJ4czPz+e1AwnPS+VlqRz3tmgs2tWeVXtr0a722NvC0N/VqMTYaQ7+iEybcQt9wkqbajNQHUuJE6g9oUbGUugAALUFSwEAgLlgKQAAMBcsBQAA5oKlAADAXLAUAACYC5YCAABzwVIAAGAuWAoAoHTKL9pqLVgqHzrNUOnFkWZlLIfQ3ioPm5f1PLkm3p6p+2vksY3aVQ5sjji7rBxFo/d2GFhKGyyVHafciL948Kh1BYsnam/N/cW4hcKiD6hJxzZqV00+sP1sb/6B7dNtNRqtllf81Oy9HY6xXw3zwFJ54cv7I8/KWBa2WMrD3WPjj626T+YfWG9njT6w/Z3zSnSbtLcdnzuViqytwQWrOg97/+qv2TT9q2EMWCovgpYabb6rsghbysx+KRdfMrXn2Jp7YLtRCdTYA+sV4VYsZczexlkqVGRcuejzXoZhYKm8sNpSHmZ2ngQSv8nHNm6HzDywfVs1Oz2TD6xnAbssFVqoztZk/mW2MWCpvEju8TPr39FJv2qTspOD/2AafWwDu+rDvAPbZ7Bjxh5Yb5CEMlbCpL3FUsWCpfLCltETDrEp05t5xgwi9sfUY5t86Mw6sMr0df65hkw8sAodI0dPeL8mpR8vylL0+I0ElsqOb7Sxet/cyBsSUXur/mPVqF+Of2eNPraRu2rsgVV3N/CPK9MOrA/fNZM5e6vc5HP9H3mBFflOGAKWAgAAc8FSAABgLlgKAADMBUsBAIC5YCkAADAXLAUAAOaCpQAAwFywFABAkXgPdpn5FJrpYCkAgJzol6EIVhz2invgqfRgKQCA4lCKUBhUHNEmsBQAgBa+urf9a6Zms6n05SnvCKjJ6fbziiJ573TFFdoa9Ho9LAUAoIWv3rlXqNE/FYJasM9xjWMpfwl09S/fvCSGlXs0AywFAKBBtKWUy55QLVx15sZuq+E5KDAZSbhALShgKQAAHTy3KLaJ8JL/r8BsI2PNTpyPsFQ0WAoAQIOIqTb8XlF7/Lxpu3zv6V+FRc+IhaWiwVIAABr4pxALXic5hC+3vPtSocXBgRZYKhosBQAwHN/81gilRLAUAIAGvmspHFUeWAoAAMwFSwEAgLlgKQAAMBcsBQAA5oKlAADAXLAUAACYC5YCAABzwVIAAGAuWAoAAMwFSwEAgLlgKYABvimAAMAIsBTUEd8sdG5JNiwFYB5YCuqGUzTUNzFdX01YCsA8sBTUjE5zzK8ib4FjqUYjeI0VnjTImcWu5V9TnSA8+IYhG3E/LqLutt6KAFUFS0G98F9J+Zco11WBhYovFJn4ZrRzlyvru28YtpHAVZz3Z8oVAaoHloJ6MdRS/ZQ/+H//VZLPE7458dy5W6PsMXwjnoJ6YR9prwhQQbAU1IxQWg/2+EVYKnSxEnXt4+uVi7BU4kaUvVJ3MNWKAJUES0HdcO7z+EdPOH9F9qSF7mO57/RJKPCOiIutxI24shl5RYCKgqWghvgGovsvibxRCdH9dZGjAX3bi5LN0I0MZBMePaG5IkBVwVIAGVFGODCaASBvsBRAZmKuzQAgO1gKAADMBUsBAIC5YCkAADCXES119OjRWQAAgII5evToKJYCAACQBUsBAIC5YCkAADAXLAUAAOaCpQAAwFywFAAAmAuWAgAAc8FSAABgLlgKAADMBUsBAIC5YCkAADAXLAUAAOby/wHnDiKYi+OGIAAAAABJRU5ErkJggg==
Meine offene Frage ist noch, wie lange der VIX unter einem bestimmten Level (z.B. 15) bleibt, wenn er diesen Level das erste Mal unterschreitet hat. Also neben der Klassen-Verteilung noch die zeitliche Komponente ergänzen. Z.B. Close unter 15, dann blieb er die nächsten 10 Tage unter 15. Oder Close über 30, dann war der VIX im Schnitt nur 5 Tage auf diesem Niveau. Wir sehen z.B. in den Charts gut, dass wenn der VIX sich in einem tiefen Niveau bewegt, er dort auch eine Weile ruht.
Happy Trades allerseits!
Zuletzt bearbeitet: