I don't know how I am going to mentor myself?
I remember one of the very first lessons I got as a trader.
I have been inundated with questions about calendars since I wrote that I thought they were a bad idea. I will be really breaking this affect in my term structure article.
The VIX continues to drop today, albeit much less than yesterday, as did the VXN and VXO. The RVX was actually up today. What does this mean, not much.
I had several people ask me "How do I know the weekend came out?" The answer is look at the preponderance of the evidence.
As I stated earlier today, the VIX is at the low since July 2007, The SPX is at its high since mid September 2008. This is a recipe for lower IV times ahead.
Its Official, the VIX has dropped below 17 for the first time since July 2007. It appears the market may have normalized for the most part.
Contradicting signals contradicting smingles I guess.
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