Looks like this is a rare time when VIX is indicating actual levels considering the volatility, average day range and fear in the market.
As they say - Tops are made in violence and bottoms in silence. I think there is quite a good chance there we haven’t made bottom yet. But, for me, 16500-15500 is a zone to accumulate…We live in crazy times so a cushion of 1000 points needs to be kept.
Today, Indices are flat but VIX spiked up by almost 10% to 25.62
This move doesn’t necessarily mean anything particular and is open to different interpretations. What do you think about how the markets are shaping up for this week and june in particular?
IV on PE Side spikes, yesterday it IV of 15800 was 32,today 36 !!!
Low Decay in PE Premium due to IV Spikes.
Are we expecting any major DD Tomorrow or on expiry, similar to last Thursday??
My Iron Condor (IC) will be going for toss again
Hoping for silent expiry!!!
Yes. Premiums got really high earlier today, and I sold 15400 Jun 2nd puts for a fat premium. Mind you I turned into an avid option buyer beginning of this year.