It has been a crazy month of trading...or has it. The buzz word at Option Pit Mentoring has been the Hindenburg Omen. Mentoring students keep sayi
I was in an option mentoring session yesterday working with one of my brightest students when we began looking at the SPX September-October call spread. The spread had a mid price of about 13
Dr. Lawrence Silverberg is a star Level 3 traders, and good friends in the business. He used to guest blog at my old site all the time.
As a market maker and now a mentor, I have had a plenty of time to look at implied volatilities. In fact, that is basically all I do.
Its friday the 13th, we will talk about what to expect today, and what IV might do. And talk weekend decay. Also we will examine the VXX trade and discuss a new morning trade.
The VIX was up about 3 points today. The VXX was up over 1.5 points. How much was IV up in ATM SPX today?
Yesterday:
With the FOMC meeting, and employment over with I thought today would be a good time to examine the state of SPX volatility. Is realized volatility high or low? Where is implied volatil
Once again it is time for my favorite reoccurring character to write, "The Vew From the Virtual Option Pit." I hope you guys enjoy as much as I do.
This is the second part of Michael Chin of The Intuitive Trader. Its a little long, but worth the read.
