Condor Options

Implied Volatility is Pricing in a Yawn Tomorrow

So yesterday we suggested that everybody keep an eye on their deltas ahead of Friday’s big employment number. Well, if volatility readings today are to be believed, you could probably be trading blind today and tomorrow and not really notice – the index volatility indexes (VIX, VXN, VXD, RVX) opened higher but then sold off for the rest of the day. Maybe everybody got their “employment number” puts at the open. Either way, implied volatility is low just about everywhere,…