Monday, April 16, 2007

Lowest Open for VIX Since 2/26/07

The VIX opened at 11.86 today, the first time it has opened below 12.00 since 2/26.

For those who may be interested, I will initiate a small long position in the VIX if it trades down to 11.16 at any point today. The VIX is currently trading at 11.52, a little bit above the 11.47 intra-day low.


Isam Laroui said...

Are you going to buy some VIX calls? I just bought some may 17s.
Also wanted to thank you for your blog. For a short-term SPY trader (and options on it), it's full of insight. Also thanks for the advice on how to start and keep a blog, something I've just started getting into.

Bill Luby said...

Good luck with the calls, lsam. With the VIX, I rely on system-driven signals for 95% of my trades, which is helping me with my "patience and discipline" mantra. It doesn't look like we will dip down to 11.16 today, but that's fine with me.

Good luck with the blog too...

DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2021 Bill Luby. All rights reserved.
Web Analytics