We had a 5.25 point trading range during market hours. The overnight session had a trading range of 7.5 points. The overnight session was almost 50% more volatile than the regular trading hours. The trading opportunities are limited, so I will be doing little for the rest of the year. I do believe the dollar carry trade is mostly closed out, and the dollar should weaken for the rest of the year.
Tuesday, December 22, 2009
Death of Volatiility
We had a 5.25 point trading range during market hours. The overnight session had a trading range of 7.5 points. The overnight session was almost 50% more volatile than the regular trading hours. The trading opportunities are limited, so I will be doing little for the rest of the year. I do believe the dollar carry trade is mostly closed out, and the dollar should weaken for the rest of the year.
What do you make of the index call buying at the close?
ReplyDeleteFrom the CBOE site, I see that it was a Russell 2000 index fund call order. Looks like an institution is betting that there will be a January effect.
ReplyDelete