Saturday, April 4, 2026 
A Few Thoughts
Nice move in the ($VIX) today.
I am still very confident on my pink sheet thesis for Prologis (PLD).
My Valero calls (VLO) are still in play.
This morning I couldn’t resist adding a new put position. Visa (V) sure looks like a $22 stock to me.
It is very difficult to buy puts or call here. The $VIX is spiking and spreads have widened out. I still think we are in for quite a bit of a snap back rally. But who really cares? What matters is how am I positioned? Snap back rally or not, where am I finding cheap insurance?
Peace
Great site and great posts! Thanks for your insights! I agree that it is simply too expensive to buy straight calls/puts here, but to allow you to get into a position that is more “IV neutral”, consider entering via an OTM vertical call spread (buying/selling the same month options). If you think we have the potential for a short-term rally here, then pick up your favorite names via an OTM bull call spread. Then stay in the spread at least until volatility drops, then you can close the short call and remain in the long call.
Comment by Craig — September 30, 2008 @ 12:57 am
RSS feed for comments on this post.
TrackBack URL
https://www.volatilitynews.com/2008/09/september-29-2008-1231-pm-pst/trackback/
Leave a comment