VIX a Sucker’s Bet, Especially Now

by Rick Ackerman

The E-Mini S&P tout sent out Wednesday night predicted Wall Street’s week would end with two days of asphyxiating tedium. After Thursday’s trance-inducing dirge, we’re down to one more likely day of tedium. Tempting as it is to buy the VIX, which in the last seven days has fallen by half to a recent low of 14.33, it’s still a sucker’s bet. If you had held call options on the Volatility Index for the last hundred days, you’d have experienced exhilaration, pleasure and profit on perhaps four of them. The dog days of summer are here, Trump vs. Clinton is what passes for news, and we had better get used to it.

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