The weekend review is short as Options Action takes a backseat to NBC’s Olympic coverage for the second straight week.
In Barron’s on of the most insightful guys in the options industry penned to Strike Price column this week. Larry McMillian writes about this Hated Rally (his and many other’s words) in the context of option trading activity and what is going on in VIX trading. His conclusion is that a buy signal that kicked off in June is still in place. In addition there is a great explanation of the function VXX plays in the scheme of VIX trading.
Larry also had a market review Friday afternoon on our blog –
For more information on VIX trading this past week check these blog entries as well –