Tuesday, March 20, 2007

Good Time to Take Some Profits

With the VIX at 13.52 and expiration coming tomorrow, this is a good time to take some profits on any remaining fade the spike trades.

Note that the lowest VIX close since 2/27 is 13.99, so the risk/reward profile on any mean reversion trades continues to deteriorate with each click the VIX makes down.

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