We've been stuck in this 4600 to 4540 range with the SPX for a couple of weeks now. Nothing much happening – it's like the market is on pause.
The only ones having a good time are the traders selling options.
If you're holding onto long gamma, your calls probably took a hit, but puts didn't hurt as much thanks to the cheap IV lately.
Now, let's talk about the VIX. It's been shrinking, taking a breather, but we know it won't stay quiet for long. The big question is: Is it gonna shoot up or chill out even more?
That's the thing that's gonna decide what the indices do next. December's turning out to be interesting, and this VIX move is gonna spice things up.
Stick around as we break it down in this video!
As always, trade safe and invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!
www.youtube.com/c/investing101channel
Video Link:
https://youtu.be/ZmYExei8uvc?si=kaDTgZcd2INQmnU6
Comments
It sounds like the market is in a bit of a holding pattern right now, with the SPX stuck in a range. Have you noticed any patterns or trends that might signal a breakout in the near future?
The traders selling options are definitely having a good time right now, but it sounds like the longer-term investors are probably feeling a bit more anxious.
Do you think we'll see a big move up or down in the VIX, and how would that affect the market overall?