VIX1d support | Voters | Option Omega

VIX1d support

maybe? someday?

Norm Klapper

Entry Conditions / Use VIX is currently supported and widely used. Suggest adding support for Entry Conditions / Use VIX1d.

VIX1d may produce the most relevant signals for 0dte and 1dte trading decisions, but we will never know for sure until we can use it in backtesting!

May 16, 2025

rusty.moorman@optionomega.com

marked this post as

maybe? someday?

@wizzy

There is a high degree of correlation between VIX / VIX9D and SPX price action. There is a very low degree of correlation between VIX1D and SPX price action.
I have not specifically backtested (using CSV backtesting) VIX1D conditions, but as it tends to follow a relatively predictable daily pattern (first 30-60 minutes pullback, then rising for the remainder of the day) - all without regard for whatever SPX might be doing, I am highly doubtful that it offers any edge, and I have not found the motivation to run CSV backtests to find out.
On the other hand, a more granular approach to VIX9D - being a closer proxy to SPX intraday action than VIX30D - may be of value