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VIXer Downer

Posted on July 03, 2008

Well, that sure was a joyful week. The market implodes as Lenny moves his DEEEEEEP picks behind a subscription wall. Coincidence? I think not.We do have a bit of a late day option pound out ahead of the 3 day weekend. It makes sense in that this weekend should be like pretty much every other weekend in that nothing will happen and we come in Monday 4 calendar days later, so why pay the decay?But the flip side says options remain too cheap to begin with for this environment. So even assuming we pick up where we left off, we left off with some pretty intense ugliness that will result in either c...

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flip , options , short squeeze , vix