Gentlemen, I don't like the chart of VIX at this point. Looks like we may be ready for a spike in the VIX soon. The VIX will spike as the market drops, so be very careful on your long positions since a market drop will take down a lot of stocks. After a great September, maybe we will see the October result in a market drop... I have seen a weeks worth of profits in NFLX erode in just two days. Maybe its time to take profits and watch from the sidelines again. One way to protect your portfolio (or to try a make a gain) would be to buy call options on the VIX. You can find some info on VIX options here http://www.cboe.com/micro/vix/vixoptions.aspx
Never heard of it. How cool.
ReplyDeleteSo I Wiki'ed it, and also checked it's history chart. Those october 08 numbers are pretty crazy. I already added it to my watch list. Keep up the education on us newbies Jay. Much appreciated.
Is there anything that would essentially calculate the VIX for an individual stock that is easily obtainable?
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