Gotta Love the Volatility
Posted by
Jeffrey Ziegler in
Uncategorized on
August 19, 2011 |
5 responses
I am writing you today because over the past several days, the Volatility Index (the $VIX) has gone absolutely crazy!
And since today was options expiration, it got me thinking that I really hope you have been able to capitalize on the Volatility swings. Because for savvy traders… that means one thing:
Big ‘ol juicy premiums and big paydays.
In fact, it is starting to feel like 2008 again in here!
Check this out:
(If it is hard to read, just click the image and it will open a bigger version)
Where do you think we are going to go from here?
Leave a comment below with your thoughts!
Have a great weekend,
Jeff
5 Responses to “Gotta Love the Volatility”
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Sold calls and Bought puts on the Vxx today and bought spy calls
Sold spy puts
Double bottom…. We run higher from here IMHO
If not OUCH!
Hi Jeff,
I believe this is just a beginning.
Unless the US Government will enject more money into this economy the stock market will either go sideways or will drop dramatically over the next 12 months.
Mark
According to technical analisis it should recover as after 2008 and even more so according to fundamental analasis , the economy is much more stable then in 2008 according to my opinion at least and I am a beginner . tnx
My guess is to wait for a fractalized confirmation on an up move based coincident with the Vix topping out. The move won’t be super long but maybe long enough to make some money on a September bull put spread, especially since I have that idea supported by the 61.8 retracement of the 2008 bottom to the latest top. I have no clue what to do then…. will just have to keep looking for the pitch. Of course I might lose on this one but it is pretty tight and the premiums give some ease to the bet.
Ouch! Merry XMas time.