My weekly VIX chart from weeks ago shows a triple top at 30ish... The options activity for FEB 30's from friday confirms my target..
Having said that, I think we rally this week in anticipation of rate cut this week, but again, the fed will not do anything when he speaks thursday, thus another selloff thursday afternoon... Only to find he makes the 'surprise' announcement on friday.... this is options expiration week....
Did anyone notice the CFC move this past week?
You could have bought JAN 10's for pennies on tuesday, and sold them for $1 on wednesday afternoon...You need to be quick, but that is a huge return...for example, $100 could have returned $10,000..
With volatility on the rise...deep OTM options, both calls and puts are on the menu this week..
tb
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