The current summer rally is appearing like it may not end just yet. On Monday’s “Halftime Report” I had another opportunity to discuss the latest VIX analysis. As I state on the show, last Friday, we saw a big bullish play on the August 1000 calls on the S&P. With the VIX remaining elevated, we are seeing investors continue to buy options as means of protection against a downside move, limiting their downside risk. What this all means is that we should see some steady gains until the 1050 mark. In other topics on the show, I remained strong in my Ford play as I see some upside potential in the stock.
Ripple Effect Newsletter
Get the latest VIX updates, volatility news, market insight, and even see our experts in the media!
Sign up for Equity Armor Investments news delivered monthly straight to your inbox.