Every day at least one of my option mentoirng students ask me where I think the VIX is going. The answer, of course, is I do not know.
At the beginning of June when the market had its first of several major down days, I made note of the fact that the market was a major net seller of premium.
From time to time we like to take a break from our normal in-depth analysis of the option-sphere and bust a few myths proliferated by many of my dishonest counterparts in option education. I debunked the myth that 10% a month is realistic (it's not). I debunked that trading the same trade every month works (it doesn’t). I debunked that risk management is more important than trade selection (it isn’t). Well it’s time to go after something else
We welcome back Ryan Baird market maker, thinker, man of the people.
Up to now, despite Friday's minute blip, most traders would have said this relief rally has some legs to it.
While many traders are talking about the low VIX (in IV terms yes, in HV terms debatable), under the radar is a different type of volatility sell off, commodities and precious metals.
Once again we welcome market maker, trader and friend of Option Pit Mentoring and Consulting Ryan Baird. Today, he begins a series on trading one trade at a time.
For those of you that were looking to sell premium ahead of the weekend, that chance has now passed (http://www.optionpit.com/option-education/how-option-time-premium-decays...