VIX

Well, the fear index finally topped over 30 today before pulling back to the ridiculous run in the middle of the day. I ended up getting massive Jul 30 calls (66 @ 0.15, 100 more @, 0.10) today on the pullback. Actionjax is luckier getting 200 @ 0.10

Looking historically, Vix SHOULD bounce higher than that and doesn't just top over and then pull back and everything is ok. In recent history, VIX's been topping 35, with it topping 30 in 2 or 3 consecutive days. I'm betting this continues and when the VIX hits 35, I'm getting some 32.5 puts equally cheap for 5-15 cents max.

Let's see if we can turn 2k into a quarter mil.