The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly.

The VIX closed Monday down .72 points, a pretty big down move on the day.

This is likely because the S&P 500 was up big and then wasnt.

Now, the VIX did not close on the lows, but that did not stop the futures from getting destroyed….

The March future, which was down over a point at its lows, ended the day down .8 points.

That is a pretty strong move that reflects the VIX.

Does this mean we are set to be off to the races?

The answer is no.

We totally could take off – it’s possible.

Or we sell off. But it will not be a hectic sell off. It will be slow and orderly.

This means we are due for VIX to stay put or drop and SPX to either rally or fall.

I know…doesn’t seem that helpfu

But it is!

VIX will drop or stay. SPX will go up or down.

There is a trade there …

Do you know what it is?

I do …

And so does Andrew Giovinazzi’s Easy Trade button, which delivers the best trades based on market conditions.

AG is going live tonight at 5:30 p.m. to show you how it works.

Your Only Option,

Mark Sebastian