Mark and brand-new Option Pit rock star Bill Griffo Lit. It. Up. this week on their webinar “The New Fed Secrets.” Did you miss it (and the way to make money from the upcoming Biggest Global Trade EVER)? No worries! Check out the replay right here.
Hey traders,
As you know the VIX Index gets its number from the trading of SPX options with 30 days to expire.
I thought I would take a look at SPX positioning for options that expire tomorrow afternoon.
I am wondering if the market is positioned for a cocktail of the Covid Vaccine getting based the advisory board (it did after the bell) plus the possibility of positive news on the stimulus front.
Take a look at the trading in SPX options that expire on December 11th.
There is some pretty heavy volume on upside calls expiring in a day.
Those have zero chance of being in the money past MAYBE the 3700’s unless….
There is a deal on the stimulus out of the bipartisan panel that is working in the house.
If we get a deal, the SPX MIGHT sky rocket!
That would turn into a pretty nice return on some of those strikes above 3700.
The VIX light is RED
Your Only Option,
Mark Sebastian
By the way, PS – The Fed is set to unleash inflation unlike we’ve seen in FOUR DECADES. But Option Pit (and you!) have a new weapon in Head Income Trader Bill Griffo. Check out his debut webinar from this week that exposes the Fed’s secrets and puts YOU in the driver’s seat. WATCH THE REPLAY NOW
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