Friday, March 14, 2008

VIX breakout soon??!!


fish said...

If not now, when?

Right now picking playing puts on the VIX during these spikes over 30 are about the only thing i'm comfortable with going long (Apr/May positions).

Not sure if there is a safer play right now in this "middlin' zone" we're in. Not that comfortable loading up again on the reverse ETFS until we finally punch through new lows and i'm certainly not going long anything else.

I feel ok with this play, unless god forbid, we enter a permanent state of VIX above 35. If that happens, i'll be going long shotgun shells and survival gear. :)

Good luck all.

Stewie said...

be ready for a crash monday.

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