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April VIX contracts peacefully put to sleep; but does a buying opportunity loom?

All must be peace and light in the financial world; despite oil trading over $109.00 per barrell, the SPX surged back to 1330 this morning and the April VIX contracts were settled at 14.86, which means the $650 put in my account for options I sold on April 8th will stay there.

But I’m already itching to “reinvest” it. When VIX levels dip to the 14’s or low 15’s I love to be a buyer of calls, which may happen later this afternoon if things stay so peachy keen . ..

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