Closing out my final hedge here at 934.5 :)
Current position: Short 814.25 + Zero Hedge.
Effective BE on entire position comes at 1013.33 (including all hedging activity the past 7 weeks)
All these spirited, high velocity, whip your neck moves are indicative of what's coming! Tighten your seat belts folks! Motion sickness is to be expected! Take your medicine accordingly. :)
http://www.youtube.com/watch?v=20_xv1frrVo
Terrific, bring 'em on. I'd like to see a breakout one way or another, and it's coming to a theater near you!:D
http://www.youtube.com/watch?v=QIYNNAL_vYc
Momentum is building!!
If you mean VIX continuing to trend lower, then it would be a bad bet to buy. Even if you like to sell options (which I don't), there's not enough juice to compensate the options trader for being short gamma over the next 25-35 day period.
Lurefo,
That's the range that my volatility model is predicting we stay in for a while. If only I knew which one we hit first, you'll be the first to know. :)