Eyebrows Up [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. VIX was up 1.08 points on Thursday closing at 20.71. This was on a day that the S&P 500 dipped to 4081.50 – down 36 points – or just .88%. VIX has vastly outperformed to the upside relative to SPX downside. […]
VIX Market Is Predicting HUGE SPX Move
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The VIX rallied .97 points on Wednesday. The S&P 500, meanwhile, was down just over 46 points, a touch over 1.1%. Not a crazy day on its surface… But Wednesday was, indeed, a crazy day. What happened? […]
VIX Trading
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The volatility is too damn cheap! The VIX closed on Tuesday at 18.66 That would imply the SPX is moving a touch over 1% a day. Take a look at the movement on Tuesday: We went […]
Good Morning, VIX!
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The SPX closed off the lows on Monday and managed to stay above 4100 … but not before threatening to break lower briefly. Yet again – and for the third day in a row – VIX outperformed movement in […]
Good Is Bad?
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The SPX topped out on Thursday around 2 p.m. ET. And you could see it coming. We are at the top of some kind of short term short squeeze right now…you can see it in the VIX futures.. […]
What The Fed Did [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The S&P 500 boomed higher on Thursday, closing up 60.55 points. That’s off the highs, but still way up… While the S&P 500 had a good day, VIX shorts did not. The VIX rallied, running over 19 at […]
We’re In for A Run [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. As you know, I wrote up research for Mad Money on Monday… An important note: I think the VIX is going to be below 15 consistently by the end of the year. Why? The downsloping SPX and […]
VIX Is Telling Us Something [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The SPX popped on Tuesday, running 58.83 points – a nice 1.46% rally. VIX did not participate fully, though, only dropping .54 points … Why? The Fed, of course. This is a huge week… – […]
VIX Is Telling Us Something [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The SPX sold off on Monday, dropping 52.79 points – good for 1.3 % and a close below 4020. The VIX rallied and got over 20 for much of the day, before finally closing at 19.94, just short of […]
The VIX Curve Is Shouting [VIX Edge]
The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. On Thursday the market ended the day up 44.21 points, good for a 1.1% rise. VIX dropped .35 points. For the rally we had, that’s pretty soft. In fact, volatility was pretty much bid all day on Thursday until a few […]