Monthly Archives: November 2011

Greetings! Hope you all had a Happy Thanksgiving Break. On Nov 11, we had initiated a 30/40 Call Spread on VIX for 2.25. As of the close on Friday, VIX was trading at ~ 34.40 and the spread was worth … Continue reading →

As we discussed yesterday, the market is at a very critical level right now. Although some good news out of EU can help fuel the next leg up, we have to be careful also about the potential downside. Since the … Continue reading →

In my last post, I discussed the 1225-1275 range. In one day of trading yesterday, the market went down from roughly the top of that range to the bottom. The 1225 level is still holding. So we are still net … Continue reading →

We discussed in our last post how the market was ripe for a breakout. After the breakout from the 1225 level, market has retested that level on Tuesday, and has rallied over the last couple of days. This is a … Continue reading →