By Lawrence G. McMillan
When we first wrote about the “$VIX Crossover” system, we only analyzed it from the viewpoint of buy signals. In the feature article in this issue, there is an update and review of the “buy” portion of the system. Then there is also an analysis of the reverse part of the system – the “sell” signal. Also, the $VXST Crossover system is reviewed.
Our market comment is on page 6. We continue to view the market as intermediate-term bullish as long as $SPX holds above support.
On page 7, there is a tribute to options pioneer Ivers Riley, who recently passed away.
Also on that page is a review of what Section 1256 trades are. Many option traders have these trades and they receive favorable tax treatment.
Recommendations include a naked put sale in TWC (page 8), and on page 9: an event-driven straddle buy in ANF, a put bear spread in NFLX, and conditional recommendations in Lean Hogs and YHOO.■
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