Markets lull you to sleep. And then they wake you up with a punch to the face.
For weeks, everything feels calm. The VIX—Wall Street’s so-called “fear gauge”—drifts lower, traders take on more risk, and complacency seeps in. Then, like an uninvited guest, volatility arrives. The S&P 500 plunges. Option premiums explode. Suddenly, traders who were riding high are now scrambling for the exits.
But here’s the thing: volatility spikes aren’t something to fear. They’re something to exploit—if you know how.
(more…)