iBankCoin

Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

SKEW YOU

Option Addict Tue Oct 13, 2015 9:43am EST 17 Comments

I got an email last night referencing the CBOE Skew index reading, which turned in its highest reading ever yesterday. Yesterday’s high of 148.92 was greater than it’s two prior highest readings in 9/19/2014 and 10/16/1998.

The Skew index starting turning high readings last year. In fact, I blogged about it about a year ago.

When investor anxiety is this high, the coming upside was intense.

Here’s a chart of the S&P in 1998, and highlighted is the Skew signal. Beneath is the S&P now and it’s signal.

skew98

skew15

Odd, no?

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. UncleBuccs
    UncleBuccs
    October 13, 2015 at 9:47 am

    Undeniable….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. mr_peartree
    mr_peartree
    October 13, 2015 at 9:48 am

    Meh

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. k_melancon
    k_melancon
    October 13, 2015 at 10:01 am

    Cyber names perking – rejected out of range.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. momo
    momo
    October 13, 2015 at 10:09 am

    TSLA nice rebound today. Thanks for the heads-up the other day OA!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. momo
    momo
    October 13, 2015 at 10:13 am

    Picked up some of your DATA, AMBA and LABU as well 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Nocturne
    Nocturne
    October 13, 2015 at 10:24 am

    Being patient on my oil entry …. Looking to enter around 1:15pm E.S.T.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. djmarcus
    djmarcus
    October 13, 2015 at 10:24 am

    OA – any thoughts on the HC insurance co’s like AET, ANTM, CI as being HC leaders, particularly regarding biotech? These guys topped out a few weeks before the biotech companies; appear to now be breaking out of weekly consolidation moves.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. k_melancon
    k_melancon
    October 13, 2015 at 10:25 am

    PYPL Looking like it is about to say adios

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. UncleBuccs
    UncleBuccs
    October 13, 2015 at 10:54 am

    OA – purely anecdotal, but as I’m reading these blog comments, a colleague crept up on me and says “I think if the market closes ‘up’ this week, I’m going to get back in”…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. k_melancon
    k_melancon
    October 13, 2015 at 11:01 am

    It almost looks everyone decided to buy right before they walked out to lunch on the East coast….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. nocturne
    nocturne
    October 13, 2015 at 11:11 am

    Ok, for the next two hours, long oil stops will be taken out then the coast should be clear for a swing long into the 10:30 inventory announcement on Thursday. Algos, come and get me!

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy