Options In Focus: Less VIX'ing Behavior
Posted on May 17, 2012 at 18:11 PM EDT
Here we go again? Regular readers of this column may recall on Monday we warned of that session's fearful stretch of 15% in the CBOE Volatility Index relative to its 10-day simple moving average as suspect. In fact, we expressed if rules were made to be broken, this appeared to be one of those times to override a mechanical rule with the mindful kind. Worrying us at the time, while the relative stretch on a short-term basis was sufficient;