As many of you option traders know, the VIX closed below 15 for the first time in some time. While I think the VIX is getting pretty cheap, when we look at all of the equity vol indexes, some equities look even cheaper. There are few things to remember:
1. While a 15 VIX might seem low after the last 4 years, it would have been above normal between 2004 and 2007.
2. There are always things that are more cheaply priced.
3. There may be trades that are more expensive in relative terms.
Connect With Us