We've talked about the SKEW Index before, I tend to follow abrupt Rate of Changes in it with interest, I don't have the reading for today from the CBOE until the close, but from last Wednesday (F_O_M_C) until the close on Friday, it went from 129.53 in to "Crash territory" to 143.26 in the days of and just after the F_O_M_C, something doesn't smell right here.
The far right, the last 3-days have seen a vertical climb and intense rate of change and right after the F_O_M_C.
I may look to increase my short positioning, FAZ (3x short Financials ) is one I'm considering right now.
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