XOM at the money call option implied volatilities are 13.03 and AAPL at the money call implied volatilities are 15.81%
XOM call volatility is undervalued relative to VIX
AAPL call volatility is undervalued relative to VXN
So smart money may be buying Equity calls as high as 247% on the Equity Indices, suggesting Market UP
Heck, energy quotes have been bullish. XOM options may not be correlating well to broader market at the moment.
Are you seeing other blue chips and such with underpriced vols?
Good point B.
BRK/B, PG, WMT, undervalued at the money call implied volatility premiums
soku wrote:so when will it play out? will new one trump out the untriggered old ones?
I give them 10 days to play out, no order of which plays out first, that is how long I can track them.
Of course, this is just an arbitrary number I came up with so please, don't rely heavily on the pBars....
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I have a couple of important turn dates for gold on April 12th-14th, with major resistance at 1325 and 1332 (if it can get there). So it looks like we're seeing a major top being formed.
Then I have a mother-of-all-turn-dates coming up for gold on June 14 which looks like it will be a low.