SPDR S&P 500 (SPY)

[Neutral Man]

2bits, Lookup post 37755 and 37756, I made it very Clear, Crystal in fact?

That said, here's me 2bits, with VIX-ion levels this high it's Better to Sell puts than Buy Calls!

In other words, why PAY for Delta on Calls if you think we go Higher, instead we can SELL Delta and collect the declining Delta as the VIX goes Down?

This is Text-Book when we be about to post a ST Bottom and the VIX-ion levels are at extreme highs, SELL PUTS! Obviously we do the Opposite when VIX-ion levels are at their lows and a ST TOP is pending, BUY Puts?

Good trades,
nm