Binary Options Action S&P 500, Oil, USDCAD

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GlobalOption
Binary option action alert: Just wanted to send a quick note to my readers. Watching the market the last few days has taught me a lot, namely that the central banks really do matter. We are seeing a major reversal (again) today back INTO risk – rather than away from it.

Much like the turn a couple of weeks ago showing the VIX at historic lows (and DOW/S&P 500 at relative highs), we’ve seen VIX shoot up. Based on what I am seeing in the forex market a major reversal is underway again: VIX headed down, S&P 500/DOW/Oil “risky” assets and FX cross rates up.
Binary options trades positive for Oil (up), VIX (down), USDCAD (down – CAD up). Looks like the panic has switched over to greed for a day. Good luck.

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One Response to Binary Options Action S&P 500, Oil, USDCAD

  1. Options Trading on May 21, 2010 at 10:55 am

    For the record, we’re in the backside of the hedge transaction, namely a cooling off of the factors that led to the long position in the day. Looks like traders are reducing risk and heading home for the weekend early.

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