The VIX again finished below 13, down to
12.65 and over and over again we see the
compression pattern take it down to this base
area and it spring right back up.
We'll have to see where we open on
Monday and the premium prices...
With the Fed meeting on Wednesday, buying
Calls may be a logical, safe bet.
Here we are back near all time highs and the street
is counting/relying on the Fed keeping the pedal to
the floor to quench its needs.
IF they do cut a quarter point, and the street has over
90% expecting it, this may end up being a place
where analysts say, "Why would you waste one of
your precious bullets here??"
The Fed reminds me of a Bill Burr comedy line...
Like a third base coach waving everyone through...
"Yes, Score, Standing up!! Go, Go! No problem!
Exit strategy later, No worries!"
