Vol is Back…or is it? Another eventful week coming to a close, as markets have seemingly been able to shake off Euro Zone concerns and look poised for positive weekly gains. After spending a few solid days below the 30-level, the VIX skyrocketed 16% on Tuesday only to give much of it back by market close on Thursday. Our MarketClub Signals System had a pretty solid week producing 2 winning day...
Each Friday I look to sell weekly options set to expire the following Friday to take advantage of the rapid time-value decay (theta) of the weeklys heading into the weekend. Weekly options incur the greatest time value loss on the Friday before the weekend and on expiration Friday. Options market makers tend to adjust pricing throughout the 1st Friday afternoon to account for the weekend...