Jan 16th

Short post - going away for a long weekend.

the 10:45 12:30 move in the VIX got me sitting on the edge of my chair. I understood the VIX coming down @ the open, I understood the market selling off a bit, I did not understood a 4.5 move in the VIX during that sell off. I thought compaired to other intraday sell off, it to be pretty steep. Tells you how jittery the market is.

Not sure if I blogged about NLY before. It is a investment company fully invested in government insured bonds. Do your research if you think you like it - this is a trade I am doing.
Sell cash secured NLY ATM put for 1.05 that is approx 7% for 35 days - if you get assigned NLY pays 13% dividend / plus next month you sell the 15 calls.

Here is the butterfly.