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!
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Video Link:
https://youtu.be/ZmYExei8uvc?si=kaDTgZcd2INQmnU6
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Comments
A decrease in VIX is not a good thing at this time
Hopefully the market will rise again soon
It seems that the index has been consolidating recently
I think a big correction may be coming.
It's really hard to own call options