TSLA rallies today!

So TSLA finally has an up day today.  That in itself is a surprise since TSLA just had by most accounts the worst earnings report in its history.  Usually this does not mean much as Sir Musk rides to the rescue with a new shiny object to make investors happy.  The SEC is coming up…

Do you want to sell 9% volatility?

That is the question, Do you want to sell 9% volatility? If you are an SPX trader, the answer is usually no.  LTCM famously sold 11-13% volatility in the SPX in 1998 right before the Russian Debt Crisis went belly up.  SPX volatility shot to the 30% range and LTCM went to history’s dust bin […]

Where does the volatility go?

Where did the volatility go that we had just enjoyed for Oct through February?  As I look at the VIX today with a low close for the year at 12.09 I can’t help but think something is not right.  Trade Deal with China, still not done.  G7 negative interest rate extravaganza is still with us. […]