Meltdown
Markets on the on the edge of the cliff. I’m unsettled because I managed only to re-initiate my long USO 39 January puts position, didn’t re-initiate the similar SPY position. Risk control, sometimes you miss on lice profits. I’ll wait with that, I don’t like to rush into position after such run.
Chart 1. S&P 500
Source: S&P 500
VIX got lunched into the stratosphere, buying options became expensive game, another reason for waiting.
Chart 2. VIX
Source: StockCharts.com