VIX has come off session lows of 25.12 and is back to unchanged at 26.51 after the S&P 500 moves more than 10 points off session highs. There does not seem to be one specific catalyst for the turnaround, but note that BofA (BAC), which led the Dow lower with a 3.5 percent loss yesterday, has given up early gains and is down .22 to 14.26. BAC is now falling to its worst levels of the day amid relative weakness in the financials.
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CBOE Volatility Index (.VIX) $26.06 -1.70%
Posted on February 9th, 2010 11:32 am
by fredruffy in All Indexes
(1 votes, average: 5.00 out of 5)You need to be a registered member to rate this post.
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12 users commented on " CBOE Volatility Index (.VIX) $26.06 -1.70% "
Follow-up comment rss or Leave a TrackbackYet another turnaround after Euro zone governments decided in principle to help Greece. Glad I’m not day-trading futures today. lol
Remember I have $EUI puts Fred?
Thanks Rainman.
This just out: German govt spokesman says reports about decision on aid for Greece are “unfounded” – Reuters
It was out about a week ago. Basically what Greece is doing is cutting jobs in the public sector and boosting the retirement age. Of course all these are “in the works” and I don’t think anything is official yet, but Thursday should be a big day either way (Trichet)…..A lot of stuff to pay attention too. Barclay’s got it together on an advisory not to use “PIGS” or whatever acronym for the outlying countries.
Greece is about 2% of Euro GDP btw. Whereas as California to the US is much higher…
Trying a calendar on XL at the $18 strike feb/march calls. Net debit of 20 cents. Earnings after the bell.
So far I’m like 0 for 5 on trades based around earnings… lol.
good luck 5x
I like my “slow” movers into RTP/BHP earnings (disclaimer, I also own FCX m shares):
http://whatstrading.com/index.php?s=.ukx
Here’s hoping the entire country of Great Britian doesn’t default.
HA
HA
HA
guess no one cares about XL earnings… the stock is unchanged after the earnings release. I’ll hold until feb expiration and then close out.
XL not moving much.
My experience around earnings is similar. It seems like there are a lot of losses, but the winners generate the big gains. It’s frustrating. I rarely enter positions based solely on earnings anymore. But, ARUN looks kind of interesting.
Yup. You win some, you lose most… lol. Got my eyes on Sprint tomorrow morning and ATVI tomorrow after hours. Bullish positions on both. ERTS results didn’t seem to have any impact on ATVI shares.
I also bought a bunch of way out of the money march puts on OSK today. I got burned on a 1×2 put spread in december on OSK on news that they may lose a HUGE government contract. The decision on whether or not that happens is supposed to be within 60 days of December 14th. Hoping for a downward swing soon.
Good luck on $osk, no position here, but I own some $HSC otm calls soon. I already took profit on da put side, but the valuations for the sector seem fair, agreeably OSK is overbought, but some country (forget which) expressed more interest in $HSX (Homeland Security) sparking a slight rally for LLL, LMT, RTN and others. I’m anticipating my $HSC otm calls might expire though. I had the 80-35 strangle on feb line.
Oops, typo, meant the 80-85 strangle….
Fred, you make a good point btw.
Do not trade earnings as the vol is expensive. Sometimes I’ll do it, but I will usually sell volatility and/or buy some to offset. Prelim reports/investor conferences are usually what I look for….My FE calls were pretty strong last month….but turned em around in 2 days.