The VXO (the "New VIX") has popped up a bit today. Currently tickling the underside of the +15% band drawn around the 10 day sma of the VXO. The attached chart is a bit noisy, but simple enough. The pale blue is the 10 day sma, and the pink , yellow and dark blue lines the 5%, 10% and 15% bands drawn around the 10 day sma. The VXO rarely spends long either above or below the 15% band, so maybe an opportunity for a short term IV sale here? The brown is the S&P500.