Don’t Bank On It; VIX Reverses
mentioned recently, remains set up as a low level cup and handle. Continue to
look for buying
opportunities in calls and call spreads here, but, don’t overstay your welcome as
there is overhead resistance.
For you OEX traders, tonight we have a
plethora of VIX buy signals on the Market Bias Page. Therefore, look for
strategies which seek to capitalize on volatility reverting to the mean (i.e.
decreasing). Use caution though as many of these strategies offer limited gains
with the potential for unlimited risk.
luck with your trading on Tuesday!
Protective stops on every trade!