We’re seeing inside ranges in the Indices with AMZN struggling @ 1000
Long only guys would be prudent to buy some VIX out a maximum of two weeks.
A little portfolio insurance will help with your digestion over the long weekend.
I’m not selling the Indices although I think buying VIX or selling Call spreads is a smart strategy, particularly in light of VIX attempting an ORL pattern at the bottom of value.
It has a low probability of success following through to the downside making the idea more compelling
