The Volatility index was up a bit last week and remains in the high 20s above the 4-year average. Option selling strategies will be easier to find, but be cautious because there are potential catalysts like Economic news, Vaccine announcements, Stimulus news, and Presidential Tweets, that could cause VIX to rise higher from here. Very short-term option selling is our preference in these market conditions.
Here are the scheduled news/events for this week.
| Monday, Oct 19th | |
| 9:00 AM | Jerome Powell speaks |
| 10:00 AM | Housing Market Index |
| 11:45 AM | Richard Clarida speaks |
| Tuesday, Oct 20th | |
| 8:30 AM | Housing Starts & Permits |
| 8:55 AM | Redbook |
| 10:50 AM | Randal Quarles speaks |
| Wednesday, Oct 21st | |
| 7:00 AM | MBA Mortgage Applications |
| 8:50 AM | Lael Brainard speaks |
| 10:30 AM | EIA Petroleum Status Report |
| 2:00 PM | Beige Book |
| Thursday, Oct 22nd | |
| 8:30 AM | Jobless Claims |
| 10:00 AM | Existing Home Sales |
| 10:30 AM | EIA Natural Gas Report |
| 11:00 AM | Kansas City Fed Manufacturing Index |
| 4:30 PM | Fed Balance Sheet |
| 4:30 PM | Money Supply |
| Friday, Oct 23rd | |
| 9:45 AM | PMI Composite Flash |