My Latest Four Option Sales

Last week's geopolitical turmoil sent the SPX Skew reading to its highest reading of the past year by far. Tops like that only happen when nervous traders are paying up for put protection, rather than feeling greedy.

It's too soon to know if last Thursday marked the bottom of a shallow pullback or if it was setting the stage for a new advance. The first three weeks of July were pretty directionless. What we can know is how stocks reacted after the three major spikes in skew that took place in early October 2013, during the first week of February this year and around tax day April 15, 2014....380 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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