We Could Be Headed For A VIX Collapse
The Option Pit VIX Light Is Red, And Volatility Is Likely To Drop. Hey Traders, Have you signed up for our must-see event this Thursday? Our Option Pit Commodities Pro Bill Griffo will be going LIVE this Thursday at 12pm EST to give the details on a monumental shift in the monetary system that will […]
Headed For A Double-Top? Maybe Not…
The Option Pit VIX Light Is Red, And Volatility Is Likely To Drop. Hey Traders, Last week we saw the S&P 500 (Ticker: SPX) make a run at new all time highs, just barely missing a new all time high close by about two points… The last time that happened, the market took a dive […]
The VIX Is Getting In On The Memes
The Option Pit VIX Light Is Red, And Volatility Is Likely To Drop. Hey Traders, The VIX closed down on the day, But not all the way down at the lows … Was it because the S&P 500 went negative on the day briefly, before pulling up to close higher? Nope … Traders, I had […]
What This Big Bid On Baby Puts Is Telling Me
Hey Traders, On Tuesday we saw the market boom higher … Only to fizzle away, and end the day essentially flat … So, does this mean we are in for a double top? Is the S&P 500 (Ticker: SPX) heading for trouble, and will the Option Pit VIX Light flip to yellow? One index is […]
Turning To Black Gold During A Red Light
The Option Pit VIX Light Is Red, and Volatility Is Likely to Drop. Hey Traders, While the S&P 500 (Ticker: SPX) has moved up and down a lot over the past month, the net price of the index has remained relatively flat. One-month SPX chart, courtesy StockCharts But inside the index, there have been pockets […]
4 Articles On Our Memorial Day Reading List
Hey Traders, Today was a market holiday, so the Option Pit VIX Light hasn’t changed from Friday’s red light. So in lieu of a traffic light update, how about we take a look back into the Option Pit archives? These are some of my favorite articles we’ve put out here at Option Pit. They’re quick […]
Why UVXY Is Hemorrhaging Money
The Option Pit VIX Light Is Red, and Volatility Is Likely to Drop. Hey Traders, In case you didn’t see it yesterday … The Option Pit VIX Light turned red, and ProShares Ultra VIX Short Term Futures ETF (Ticker: UVXY) has options! As I stated yesterday, this is a recipe for huge dollars in a […]
How This Red Light Is Helping Me Trade
The Option Pit VIX Light Is Red, and Volatility Is Likely to Drop. Hey Traders, ProShares Ultra VIX Short Term Futures ETF (Ticker: UVXY) listed options on its reverse-split pricing today… This is the beginning of what will likely be one of my best trading weeks. Why? Two things happened […]
10-to-1 … In My Favor.
The VIX Light Is Yellow (Barely): Volatility Will Move. Hey Traders, Wednesday is the day! ProShares Ultra VIX Short Term Futures ETF (Ticker: UVXY) is reverse splitting … This is HUGE news … Now that UVXY is going to have real value again … I can start to trade options on it! Here is what […]
What This Call/Put Ratio Is Telling Me
The VIX Light Is Yellow: Volatility Will Move. Hey Traders, Monday’s action certainly took some of the air out of the VIX. It closed below 19, and is in a nice contango (futures trading subsequently higher, and above cash). Today, I was looking through my numbers when I noticed this pretty big change in VIX […]