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Vix heading lower
- Thread starter myminitrading
- Start date
Interesting artical on the VIX this morning on CBS Market Watch...
http://www.marketwatch.com/News/Sto...=SPX&sid=3377&siteid=bigcharts&dist=bigcharts
http://www.marketwatch.com/News/Sto...=SPX&sid=3377&siteid=bigcharts&dist=bigcharts
Vix now @ 10.21, down today 2.76%, my goodness.
Yes everyone should get ready for all the theories as to why you should not worry about the VIX at a 13 year low, and the inverted yield curve, lets just close our eyes, hey now its gone.
Quote from EqtTrdr:
VIX to zero!!!
I can't wait.... not too much longer before VIX gets sent a delisting notice from SEC$$$
Pretty comical.
Couple tidbits.
1. Does anyone know with certainty, where the VIX was in the fall of 2001 right around the time when Apple was the 1st tech company to have a huge earnings disappointment & received an overnight 50% haircut, and very shortly after, the entire tech market completely fell apart & Nasdaq took another huge leg down tanking.
2. A decent sized bull call debit spread was opened this morning on the VIX at the Jan $11/$13 strikes, so someone is obviously banking & willing to risk some beans on the VIX going higher in the very short term.
You gotta seriously think the VIX cant hold much lower for longer here at these levels. The time to jump on the sell side is imminent.
Quote from DeltaSpread:
Pretty comical.
Couple tidbits.
1. Does anyone know with certainty, where the VIX was in the fall of 2001 right around the time when Apple was the 1st tech company to have a huge earnings disappointment & received an overnight 50% haircut, and very shortly after, the entire tech market completely fell apart & Nasdaq took another huge leg down tanking.
2. A decent sized bull call debit spread was opened this morning on the VIX at the Jan $11/$13 strikes, so someone is obviously banking & willing to risk some beans on the VIX going higher in the very short term.
You gotta seriously think the VIX cant hold much lower for longer here at these levels. The time to jump on the sell side is imminent.
Sure but that clown Bernanke and his helicopter full of cash is on the launch pad.
I mEan what in the heck is wrong with a market correction.
Quote from DeltaSpread:
Pretty comical.
Couple tidbits.
1. Does anyone know with certainty, where the VIX was in the fall of 2001 right around the time when Apple was the 1st tech company to have a huge earnings disappointment & received an overnight 50% haircut, and very shortly after, the entire tech market completely fell apart & Nasdaq took another huge leg down tanking.
2. A decent sized bull call debit spread was opened this morning on the VIX at the Jan $11/$13 strikes, so someone is obviously banking & willing to risk some beans on the VIX going higher in the very short term.
You gotta seriously think the VIX cant hold much lower for longer here at these levels. The time to jump on the sell side is imminent.
Are you talking about this.
Attachments
Quote from myminitrading:
Are you talking about this.
These are the times & fills. Total debit cost of .80 for net long 1250 contracts. It cost around $100K to put on:
Buy to Open JAN 07 Call $11 Strike
11/15/2006 11:37:03 CBOE 100 1.78
11/15/2006 11:36:41 CBOE 150 1.78
11/15/2006 11:36:36 CBOE 500 1.78
11/15/2006 11:36:19 CBOE 500 1.78
----------------------
Sell to Open JAN 07 Call $13 strike
11/15/2006 11:37:03 CBOE 100 0.98
11/15/2006 11:36:41 CBOE 150 0.98
11/15/2006 11:36:36 CBOE 500 0.98
11/15/2006 11:36:18 CBOE 500 0.98
Quote from DeltaSpread:
Pretty comical.
Couple tidbits.
1. Does anyone know with certainty, where the VIX was in the fall of 2001 right around the time when Apple was the 1st tech company to have a huge earnings disappointment & received an overnight 50% haircut, and very shortly after, the entire tech market completely fell apart & Nasdaq took another huge leg down tanking.
2. A decent sized bull call debit spread was opened this morning on the VIX at the Jan $11/$13 strikes, so someone is obviously banking & willing to risk some beans on the VIX going higher in the very short term.
You gotta seriously think the VIX cant hold much lower for longer here at these levels. The time to jump on the sell side is imminent.
I think it was KLIC (Kullicke and Soffa) and not AAPL , had a huge pre-warning that started the tanking
Quote from myminitrading:
I mEan what in the heck is wrong with a market correction. [/B]
Absolutely nothing. My only issue now is timing. I really regret being too busy and tuning out of the market this past spring/summer, because there were some great setups and entry points, but of course that always goes without saying in retrospect.