It's not a rally, it's just a slow grind to the upside on very light volume. One interesting stat that came out today that the last 3 weeks saw the fastest collapse in the VIX in its history. There are plenty of contrarian candidates out there to choose from. Tonight let's set up a trade in one of them...
3 Comments
Russell Grocki
July 20, 2016it would be good if when you did videos like this if you took a half minute to show a chart and say why you chose 33.5 and 31.5 as your strikes. thanks
TheoTrade Support
July 21, 2016The strategy is called In Out Spreads and was discussed in detail in this class:
https://theotrade.com/spreads-class/
Karl
July 21, 2016No fluff in the trade when the intrinsic value of the spread (.79) approaches the debit (.90), a nice point to mention.