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View Full Version : Anyone buying volatility?



fired
02-11-2011, 09:27 PM
I see that the VIX is touching bottom yet again with the Dow and SPX making new highs on complacency. Anyone buying volatility or do people feel we will see more of the same and the VIX will continue to drop?

slim1
02-12-2011, 10:48 PM
I see that the VIX is touching bottom yet again with the Dow and SPX making new highs on complacency. Anyone buying volatility or do people feel we will see more of the same and the VIX will continue to drop?

The VIX is due for a pop. I'm long VXX June 11 32 calls which are selling for $3.45 now with about 4 months to go. A lot can happen in 4 months.

fired
02-12-2011, 11:52 PM
That's my feeling as well. The SPX looks toppy, the volatility is non-existent and the fundamentals don't add up.

fired
02-17-2011, 10:35 AM
VIX now risen to the 50dma. Chickens may want to take profit now. I'd like to see it get a lot higher before I do.

fired
02-22-2011, 10:44 AM
Closed out with 17% profit. Probably more there.