Time To Kill Your August Vol Trades?
The Option Pit VIX Traffic Light Is Red: Volatility is likely to fall or stay low. Hey Traders, On Wednesday the CPI number was released … Leading into this, we could tell this is a huge deal for markets and VIX has clearly taken notice. Ahead of the CPI number we have seen VIX slowly […]
Inside Information on the VIX
The Option Pit VIX Traffic Light Is Red: Volatility is likely to fall or stay low. Hey Traders, We continue to see traders press on the VIX. At the highs, on Monday the VIX was down on the day. This was very early in the trading session so it should be noted. Near term, Option […]
How Long Will This Vol Selling Last?
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, On Friday, the S&P 500 (Ticker: SPX) opened down on the lows. The rest of the day, the S&P 500 essentially meandered higher. The VIX closed on Friday at 21.15, near its post-pandemic lows: If you look […]
How Big Money Is Playing VIX
The Option Pit VIX Traffic Light Is Red: Volatility is likely to go down. Hey Traders, The Option Pit VIX Traffic Light remains red. Near-term, it looks like VIX could make a run below 20. Heck, it is not that far away after settling at 21.44! Near term we are seeing paper trade around VIX […]
The Vol Play I Like Right Now
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, The S&P 500 (Ticker: SPX) rallied nearly 64 points on Wednesday. This represents a move 1.56% higher … I mentioned on Tuesday that VIX is currently pricing in moves of that size. The VIX closed at 21.95 […]
Is It Time To Take The VIX Money & Run?
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, On Tuesday, the S&P 500 (Ticker: SPX) sold off 27 points, or less than 1%. Meanwhile, VIX rallied 1.09 points, back above 23. It is now back to pricing in 1.5% movement every day. The VIX futures […]
Is The Party Over? Here’s What VIX Says.
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, On Monday the VIX rallied a full 1.51 points. I saw across the #Fintwit universe pundits pointing out that VIX was strong. But here is the thing … It was not that strong. Yes, VIX was up […]
Is A 20 VIX The “Kiss Of Death?”
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, The VIX appears to be primed to touch 20 for the first time in months. In 2022 a 20 VIX has been the kiss of death; it has been the top for the market. Just take a […]
Sub-20 VIX … Or Fake-Out?
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Trader, VIX ended the week at 21.33 … It is looking more and more like it will be wanting to run to 20 soon. But … Will it? Here is what I am seeing … VIX futures are […]
The Vol Indicator Headed For Historic Lows
The Option Pit VIX Traffic Light Is Red: Volatility is likely to be stable or drop. Hey Traders, The VIX closed on Wednesday at 23.24, the lowest it has been in months. While 23.24 still means the market is looking for 1.5% moves every day … There is one thing I am watching right now […]