Strong Day For S&P and NDX
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 blew higher on Wednesday post Powell speech running up over 3%. The NDX did even better, running up 4.58%…AAPL ran… The VIX closed at 20.58, threatening to break 20 yet again… So with this move, what is next? […]
Action Today
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Hey Traders, On Tuesday the S&P 500 should have been up … But it wasn’t … why? Because of one stock. On Tuesday the VIX should have gotten destroyed … but it did not …. why? Because of one stock … […]
Looking Ahead
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Hey Traders, After getting smoked for 2 weeks straight the VIX woke up a little bit on Monday. The S&P 500 dropped 1.5%, the VIX moved up 1.71 points (about a point when adjusted for the weekend) to 22.21%. This is […]
VIX Went Thanksgiving Turkey Yesterday
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Hey Traders, The VIX got smoked on Tuesday falling 1.07 points to 21.29 on the heels of a nice rally in the S&P 500. As I’ve stated previously, volatility continues to be high relative to the cost of options. If you […]
Double Drop
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Hey Traders, The S&P 500 fell 15.40 points on Monday… The VIX fell .76 points with the S&P 500. While you might chalk that up to an ‘inside day’, a day when the market doesn’t move much… I am here to […]
Fed Pivot?
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 closed up 18.78 points on Friday … The index had a range of over 1%, its tightest range in over a week. The VIX is back to threatening 20. Does this mean the good times are rolling and […]
Slowly declining VIX
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The VIX dropped .43 points landing at 24.11 … This was on a day the S&P 500 dropped more than 30 points … Why is this happening? There are a few answers … Let’s start with changes in the S&P 500 […]
It Goes Until It Doesn’t
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 had a huge range on Tuesday. At one point, the index was up 70 points. It was also down for a time. In the end, the S&P 500 closed at about the spot where it opened on Friday. […]
How high could VIX go?
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 continued higher on Friday, briefly trading above 4,000 before closing at $3,992.93. Now traders are asking themselves how long this will last. The answer is .. it could be for a while! Just because the economy is not […]
I Can’t Drive 5.5
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 exploded higher. Meanwhile the VIX fell by 2.56 points – not exactly a tanking for the relief rally the market enjoyed. In fact, as the S&P 500 began to get stronger … so did VIX. The top is […]