VIX Indicator… bullish reversal?

The $VIX closed below 15.80 today, which is the 78.6 retracement level for the 12/14 peak. Three consecutive closes below 15.80 will nullify the recent Downside Warnings and fire an Upside Warning. It’s entirely possible this will happen in the coming days since we are in low volume vacation mode. Although the upside signal does not always mean a huge rally, it almost always has indicated the cessation of volatility since the year 2000.

#MedicalTechnology If you’re tired of…

#MedicalTechnology If you’re tired of watching the Fibs, spreading on the SPF, defrosting the toilet tank take a moment to look at CRISPR-Cas9, genome editing technology. Absolutely, amazing! Makes one wonder what spinoffs could come in the form of trading opportunities?

Five-hour spread

#SPXcampaign BTC $SPX Dec 24th 2030/2010 put spreads for .10. Sold this morning for 1.10. Could let it expire, but when the market gives you a gift, TAKE IT. (credit to Dan Sheridan for that line)

Another call spread

#SPXcampaign STO $SPX Jan 14th 2135/2160 call spreads for 1.55. Avoided last week’s whipsaw and didn’t sell any spreads in this expiration. Starting with this one…

$FB $XOP $XLE – yesterday…

$FB $XOP $XLE – yesterday it was NFLX underperforming on a strong day. Today it’s FB. Meanwhile XOP and XLE are coming off their recent lows in a big way


Looks like the snow is picking up here at “The Bistro”. Should I call for de-icing?

$VRX #ShortPuts – another stock…

$VRX #ShortPuts – another stock #CNBC said could go to zero
10/21/15 – Sold 1 VRX Jan 15 2016 55.0 Put @ 5.30. Two hours later Sold another @ 9.20.
Today – Bought 2 VRX Jan 15 2016 55.0 Puts @ 0.05. Still almost a month until expiration.