Take a look at AAI April 5 puts. Very small premiums. AAI has made a big move up recently going up almost 100%. Any bad news in the market or with AAI will bring it back down to 4 or 3.50. Seems like a good value.
I sold my VIX calls this morning. I don't like the action on the VIX today given a market up day. We may get impacted by the uptick ruling tomorrow which will directly impact the VIX. VIX options are too risky right now.
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Does this mean VIX puts are in vogue? I don't like buying vix puts when they are so close to 40.
ReplyDeleteI would not recommend it. Certainly can't recommend VIX calls but I am staying away from playing VIX right now until uptick ruling is flushed out. It is just a crap shoot. And again, if VIX goes down, it does not mean market will jump with it.
ReplyDeleteThank you. I am still holding 2 vix calls (April 42.5). They are underwater right now - I don't really mind since I am net long though. Still, it would be nice to sell these at a profit given the chance.
ReplyDeletei doubt the VIX will see that number in the next few days. Don't be shocked to see a VIX in the 37 range tomorrow. It is meaningless though and will give some a false sense of reality.
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