Market Correction
The market tanked last night and it was a sea of red in my IB watchlist. It's not surprising to see that whenever the market slips, it always falls alot harder than when it climbs. Last night's decline in the major indices wiped off more than a week's gain by these indices. Recent momo stocks like GOOG, MA, GS, CAL, NYX etc tumbled the hardest. If you were short or traded puts, you are one happy man :)
Here's a look at the 3 major indices:
I also want to bring your attention to VIX. Adam had a great post about how the holiday season understates the real VIX
Here's a look at the 3 major indices:
I also want to bring your attention to VIX. Adam had a great post about how the holiday season understates the real VIX
posted by Simply Options Trader at 11:12 AM PERMALINK
4 Comments:
thanks
no prob! Your blog has been my source of learning especially in the area of volatility.
they just misrepresent it on tv so much, just trying to clarify i guess. Ended up being like a 5 part mini-series, lol.
lol
Post a Comment
<< Home