Tag Archives: JCJ

No Comments

CBOE S&P 500 Implied Correlation Index (JCJ-E) Recently Hit Its All-time Low of 36.07

A recent Bloomberg news story by Nikolaj Gammeltoft, Nick Taborek and Aubrey Pringle noted that – “U.S. options traders are convinced that profits, buybacks and takeovers will exert a greater influence on stock prices in coming months, sending an index tracking expectations for lockstep moves to a six-year low.   The Chicago Board Options Exchange S&P […]






No Comments

Summer Rally or Summer Meltdown?

This week starts the big deluge of earnings releases, time for companies to step to the confessional, tell us about results and prospects for the remainder of the year.  We’re all on pins/needles trying to figure out how the trend will unfold, but maybe the stock market has given us the best clue.  With the […]






No Comments

A Stockpicker’s Market

These last several months have made life much easier for me as a stockpicker.  Yes, I am an options trader but I prefer to buy options of individual names and not the indices, nor do I play the futures much.  My stock picking ability starts and ends with the charts and technicals.  My studying and […]






No Comments

Sell the Index and Buy the Stock (Volatility)

(Editors note: Mark sent this to us Friday and due to a system issue we were unable to post it. The prices of the underlying stocks have changed but the concept is right on. Enjoy). Goldman put out a comment prior to earnings season, which was something that I happened to agree with.  It basically […]






No Comments

Russell’s Round-Up – Weekend Review

Barron’s – Stephen Solaka of Belmont Capital in Los Angeles did an excellent job in the Striking Price column and with description of the CBOE S&P 500 Implied Correlation Index (JCJ). This is an index that calculates the S&P 500 implied volatility versus a the implied volatility of a basket of stocks that would closely […]