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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,758
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The market and Options continued from last week.
To those who joined into the conversation on options and the market last week... What we’re seeing today is even further flattening of the volatility curve. The VIX index is reaching all time lows and its become so obvious even the talking heads on CNBC have made it news. Goldman Sachs has sold over 100,000 Dec SPX put spreads in the last 2 days. Now granted they’re very far out of the money but its just another indication they have NO FEAR of the downside. I am by no means advocating getting long at these lofty levels and I don’t think GS is either but they are clearly not afraid of any significant pull back in the DEC options cycle which ends on 12/16.
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