One Less Tool

For the past few weeks I have been a seller of out of the money puts and calls as I was of the view that we would not have a great move either way. This strategy has worked nicely for me but is a lot less attractive now. With the VIX below 19 it might be time to buy options rather than sell them.

1 comment:

Anonymous said...

I'll say it again: "Beware of the VIX below 20 and the Summation Index above 1000." This combination was last seen before, during and after the previous April top. It can last for awhile but then the inevitable correction will come so enjoy the ride for now but prepare for a disappointment.

Dave Fry. The street.com