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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (9259)12/17/1998 11:30:00 PM
From: Vol  Read Replies (1) of 14162
 
herm, re: vix

<< VIX SUMMARY

Signal Before Strong Bull Run - Low VIX values!
[buy calls, buy stocks, sell puts]

Signal Before Strong Bear Run - High VIX values!
[buy puts, sell CCs, short against the box, sell stock] >>

maybe i'm reading this wrong, but isn't it the other way around?
after big drops (Oct 87, Oct 97, Aug/Sept 98) VIX skyrockets. After long, continuous runups VIX stalls out very low around 20. This happened in July 98. Is this right?
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