$SPX and the Volatility Risk Premium

$SPX and the Volatility Risk Premium   $SPX and the Volatility Risk Premium is darn high.  I don’t know what percentile the current level of IV is in but it is very expensive relative to how the $SPX is moving.  I don’t know why that is.  At first blush I think for the foreseeable future […]

$JD stock dropped like a rock

$JD stock dropped like a rock   $JD stock is the headlines recently and not for very good reasons.  The CEO has criminal charges and the company share price is down around $20 from $45 in early-June.  Implied volatility has risen way over the level that usually accompanies the earnings cycle.  Why is that significant? […]