Wednesday, July 25, 2007

Another Volatility Spike Has Occurred

With yesterday’s panic sell-off, the CBOE OEX Volatility Index once again surpassed its 200 day moving average by over 50%. This indicates another volatility spike condition similar to the one that I pointed out last month in this blog. Thus, it is time once again to look forward to a rise in the S&P 500 (SPX/SPY) over the next 20 trading days. While I was already long SPY from the last spike, I added to my positions with SPY call options.

At the time of this Blog entry Scott Rothbort, his family and or clients of LakeView Asset Management, LLC were long shares and calls of SPY--- although positions can change at any time.

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