As we head into May expiration, the VIX keeps dropping. It is now just under 30 as the economy shows signs of recovering. Despite this volatility levels in other sectors such as financials remain high and many traders have a feeling of complacentcy and are looking for some protection. On last week’s “Options Action” hear what the panel thinks as they discuss their latest strategies. Also you may want to pay attention to the “final call” segment of the show with a special announcement of a brand new option of my own.