VIX Chart

If You Were VIX Where Would You Go?

VIX ChartOut of one eye I watch VIX out of the other I watch the S&P. It caught my attention today that the S&P is nearly unchanged (-0.16%) and the VIX is up (+3.86%). I can safely say today’s traders are more nervous than the S&P currently reflects.

Which way would you go?

As of yesterday’s close the Put/Call Index Ratio has only been lower 16% of the time since June 2011, on the other hand the Put/Call Equity Ratio was higher only 25% of the time. I’m not sure what to make of that but it’s a relatively high divergence.