Back and better
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Ahead of CPI and post-election, VIX got a nice rally on the back of the S&P 500 selling off … This was after a seemingly relentless move down for VIX. But … this relentless selling has opened the door to a […]
What should you do when the market opens?
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Since the Federal Reserve made its decision on Wednesday, the S&P 500 is down a touch over 120 points… The VIX, meanwhile, is down 1.4 points… A lot of times – and this is something I talk about on Mad Money […]
What is going to determine the VIX?
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly Initially when the Fed released its statement yesterday, the market was EUPHORIC! The S&P 500 shot up and the VIX tanke. Enter Chairman Powell … The VIX meanwhile … remained tepid. It rallied only .05 points, while the curve actually flattened, […]
FOMC day
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The FOMC makes its big announcement today, followed by a new conference from Jerome Powell. Heading into the event, many might be surprised that the VIX is all the way down to 25.81. The Fed has driven so much volatility, it’s […]
FOMC Preparation
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 sold off by 29 points,mostly on the backs of mega caps. Apple (Ticker: AAPL), which had a huge day on Friday, gave back a few points … but post earnings is still pretty darn strong. The same holds […]
What to Expect In This Market
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move Wildly The S&P 500 dropped 23 points during trading hours. VIX rallied .11 points. After hours is a different story. At one point, the S&P 500 futures were down 80. They have since recovered some and, as I write this, and are […]
A Real Opportunity in SPX Right Now
The Option Pit VIX Traffic Light Is Green: Volatility is likely to stay high. The VIX dropped 1.18 points on Wednesday … on a day the S&P 500 dropped 28 points. But the VIX curve is what I was really watching … The VIX curve is now in contango (futures prices higher than spot prices). […]
Answers In this Market
The Option Pit VIX Traffic Light Is Green: Volatility is likely to stay high. The S&P 500 was up more than 1% again on Monday. This was a bit of a surprise. Why? Bonds were soft on Monday: China got WRECKED on Monday: Maybe the market is finally resilient and sees the light at the […]
Fed Pivot Success
The Option Pit VIX Traffic Light Is Green: Volatility is likely to stay high. The S&P 500 rallied 2.37% on Friday … a whopping 86.97 points to 3752.75. The VIX managed to close down .29 points. Does that seem light to you … it should … because it is. We have seen a troubling trend […]
VIX futures
The Option Pit VIX Traffic Light Is Green: Volatility is likely to stay high. The VIX closed Wednesday up .26 … just a smidge higher on a day the S&P 500 fell about 25 points. Given the VIX is in the 30s, it’s not a huge surprise there was a lack of movement …. On […]