Irresistibly low VIX prices
The irresistibly low VIX has got me in buying mood again, this time picking up 5 May 16 calls with the VIX at $15.18. The idea here is to have some almost immediate upside, and not to cap it by making it a spread, in case the market really reverses in some now-unseen frenzy.
The May expiration month is a little short — trading stops on May 17th, and we have Good Friday off this week, but remember VIX was flirting with 19 as recently as Monday morning.
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