iron condor

SPX IV a Touch Troubling

Posted by msebastian on Tue, 01/17/2012 - 6:13pm
Don't forget to register for tomorrow's webinar.  You can do it here. I have been saying for some time that I thought we were going to touch 1300.  Now that we have, where are we going from here?  I'll be honest, I am on the fence.  There are a few things coming out of option prices that make me bullish: 1.  VIX futures are in a somewhat heavy contango 2.  Market momentum 3.  The way the SPX has shrugged off bad news on Friday Then there are a few things that I really don’t like.  Maybe they are more of a long term.  Maybe they are short term.   1.  Today's turnaround was as bearish as Friday's turnaround was bullish

VIX Movement Normal, Curve in Good Shape

Posted by acparis on Tue, 01/03/2012 - 4:45pm
As I was giving the AM Vol Report today, many an option trader asked me about the price action of the VIX.  Was the fact that the VIX was barely down but the SPX was up a huge sign of a market not 'buying into' a rally.  Sometimes the answer is yes.  I gave a great VIX webinar last month where I explained how I use VIX to help me trade S&P Futures, SPY, and other directional plays.  However, today we are not looking at that situation at all, despite the ATM IV being flat: SPX 1275  

High VIX, High Skew, Good Time for an SPX Condor?

Posted by msebastian on Wed, 03/16/2011 - 9:16pm
Coming back from vacation today, several of my options mentoring students were wondering whether the iron condor might make some sense right now.

The Biggest Lie in Options Education

Posted by msebastian on Mon, 02/14/2011 - 7:14pm
What makes Option Pit different than every other option mentoring service?  Is it because our Director of Education is smarter?

Decision Making: An Approach to Selecting the Most Favorable Iron Condor

Posted by msebastian on Thu, 02/03/2011 - 8:34pm
One of the biggest differences between Option Pit and other mentoring services is the way we teach our students to approach trading.

When Should I Re-Sell the Call Side of an Iron Condor in SPX?

Posted by msebastian on Fri, 09/03/2010 - 6:38pm
Option Traders, as an option mentor one of my goals is to be as modest in victory as I am in defeat.