VIX is a measure of options volatility and today it has had one whale of a move, up over 10%. This signals that people are nervous and therefore buying protection for their portfolios via options. This is worth keeping an eye on. Usually rises pretty good before and during hard down moves.
About to enter the most exciting hour of trading, the last hour. We will see if we can get a short covering rally at the end of the day.
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About Me
- Greg Stipe
- Prior to founding ChannelForce in 1993, Greg was a professional trader for 14 years, He held trading positions with the Pillsbury Company, U.S. Commodities and most recently at First Interstate Bank in Los Angeles. In addition to trading, Greg runs TRAC 3, an executive coaching business.
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