The VIX got hammered today and the SPX is now trading at a higher level than it was before the S&P downgrade. So...all is well...maybe, there are a few things I like:
Coming off of a nice IV panic last Thursday, and a subsequent IV calming last Friday, markets like the one we have now can often throw many of my new options mentoring students for a loop.
I am consistently taken aback by my how many of my new options mentoring students have some sort of weird love affair with the Russell 2000. I guess I get it on this level:
I have always been a little wary of the trading the weekly options for an income portfolio. Inherently, I was thinking the risk reward makes no sense. The argument I always get is that