The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide The S&P 500 is at a decision making point. Something big is about to happen….Take a look at the last 10 days of trading in S&P 500 futures. I want you to notice something…4600 has been a magnet for S&P 500 futures.…
BY MARK SEBASTIANJuly 21, 2023 The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, On Wednesday, the SPX managed a gain of .24%, and the NDX was down .02%. The VIX, though, was up. What gives? I thought “inside days” meant that VIX should go down! Normally yes, but there are two things to consider. The…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, On Monday, the NASDAQ 100 (Ticker: NDX) boomed higher up 147.68 points, or .95%, closing just off a recent high at 15713.28. The SPX is also testing recent highs, closing up .39 points to 4522.64 – off the highs of…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The SPX closed Wednesday up 32.90 – almost exactly what the straddle price from the day before was predicting. But take a deeper look at the movement, and you see that buyers had the chance to make out…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The S&P 500 is almost back to 4450, just off its highs for the year. Yet the VIX is trading at 14.84 – almost 2 points higher than the low for the year from mid June: What gives?…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, We are now a week into the new year. The QQQ has rallied at a torrid pace … it’s pulled the other major indexes along with it. The QQQ is up 37.4% in 2023 so far, the SPY…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide.Hey Traders,The VIX is back above 15, closing at 15.44 – makes sense. The low of the day for the S&P 500 was down over 60 points.This is not what a 13 or 14 VIX is pricing in.While the S&P 500 managed to…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The VIX closed at 14.16 on Wednesday up .48 points – adjusting for the weekend, it’s roughly unchanged.. But this is a far cry from its push toward 12 that it was making only last week. So what gives? Remember,…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The S&P 500, as expected, did little to nothing on Monday’s shortened session. But now that the 4th of July is over and regular trading hours are back (and the extra day off is over), what should traders be looking…
The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The VIX closed at 13.41 on Wednesday, near the lows for the year. If the S&P 500 continues to rally – or even if it just kinda sits around without a sell off – the VIX is going to close…