Remember that statistical volatility “surge” on Monday? All gone, although I would suggest Noise has overtaken any real volatility move over the past week. Everything still trades on the cheap end. And generally speaking, it pays to wait for “real” volatility to pick up bofore making much of a commitment to it.
Never forget that time [...]
At least in terms of how they move.
I used to find moderately different behavior across different volatility indices. But I find myself bothering less and less to look at anything beyond S&P volatility. And now I see why.
This from Bill at VIX and More.
I am a strong believer in simplifying life – and one’s approach [...]
No matter how many times we see THE REACTION to A NUMBER (like today’s oil inventories) is more important than the actual number, CNBC will still get flummoxed any time the market does not behave as expected.
Here is a good rule on these Inventory days that I should staple to my screen. The move before [...]
Earnings out in SHLD.
Pretty boring looking volatility chart, as options have essentially not moved in 3 month’s.
But remember, every other option in America got plowed, so what looks flat actually contains a bit of bid up as SHLD options held steady in the face of sinking volatility in the stock itself and ugly options action [...]
On the subject of sinking high flyers, I bring you DRYS.
Geez, you truly get no happy medium in these things. Straight up pretty much for 6 weeks. Followed by a nice little 25% repricing down in a two weeks.
And again, unimpressive options action. Remember that lesson you hear on TV every day, where volatility moves [...]
Looks like there’s some GLD options in them thar hills. Or something like that. This from Steven Sears in Barrons (hat tip EL).
ONE OF THE BEST THINGS about StreetTracks Gold Trust (GLD) is that it trades at about $86. It’s one of the worst things, too, because investors have not been able to use options to hedge [...]
Well, what a fun week.
Since I am on a self-imposed moratorium, the only VIX I can mention is the bikini to the left, I would just highlight that if she was a Fear Gauge, she now would reside in overbought territory based on her 10 Day SMA. If you think this week is a blip [...]
So I hit up the 30 day volatility chart of USO expecting to see……I don’t know, something interesting.
Pretty much neither here nor there I have to say.
But wait, there’s more. Lots of chatta about Oil Contango on the TV. Sounds more like a Cinemax movie than futures premium over spot though.
And hey, we have “volatility [...]
Bill from VIX and More chimes in with this response to my earlier post. “In my opinion, you can’t make a credible case that the VIX has jumped the shark until there is a blog out there that is dedicated entirely to that silly little nanosubject…”. LMAO.
Actually there’s a distinction here that needs to be [...]
This from Condor Options (hat tip Abnormal Returns).
While the VIX isn’t actually a random number, it certainly is just a statistic, and that means many of the traditional tools of analysis simply won’t apply. And the VIX has definitely received too much attention of late, and is being asked to perform too many roles - [...]
