Stocks are up .85 in SPX and VIX up to 11.66; that’s right up to 11.66. So you ask yourself is it 2006 or 2016? Be that as it may stocks and the market are looking at the second half of 2016 and leaving the front half in the rearview window. Another stock that would like to leave 2016 in the review window is VRX. Today VRX was up 25% to 28.16 and it might just be getting started.
If you haven't figured it out yet, when the SPX takes a dive the high ups at CBOE think $$$$. Well, take a look at the price of options in CBOE they are cheap
After being up nicely then giving it away OIV and OVX are now at 3 month highs, although no where NEAR where they got to in January