Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Carl Worth who wrote (4605)	11/21/2006 7:41:58 PM
From: Road Walker	Read Replies (1) \| Respond to of 5205

re: the VIX hit 9.31 in december of 1993 Hum, not according to this chart. finance.yahoo.com^vix;range=my;indicator=volume;charttype=line;crosshair=on;logscale=off;source= re: in any event, while the VIX might be a short term indication of complacency, it's by no means a guarantee that the market is going to drop significantly...note that call premium is just as low as put premium, so while people may believe we aren't going down much from here, they are also reluctant to pay much to bet we are going higher...as such, any "complacency" is pretty equal in either direction, and it could be argued that what is more likely indicated by the VIX is an eventual surprise, be it to the upside or the downside, which will catch the majority of market participants off guard All true, there are no guarantees (even with a new OS). Just posting the market "wisdom", shaky at best. If this was that simple everyone would be rich, and nobody would read dummy threads. John