VIX 18 calls due to expire on Wednesday were $ .30 on Friday and …. hold it…$ 1.25 at today’s open. Long overdue for a bump, The VIX spiked over 20% at the open, which was the best time to close any VIX longs. Meanwhile, back at the ranch, the Lazy Man portfolio is solid red with the exception of TLT….which was NOT Friday’s pick to click. The week following expiration tends to be weak and volatile and so far we’re in sync with historical perspective. We’re all waiting on the Prophet’s further ruminations on his seasonality study to help provide some short term guidance.
Related posts:
