Brian Stutland Shares His Thoughts On VIX
On CNBC's Options Action, Brian Stutland spoke about trading action in VIX on Monday. He said that there were only 69 trading days when the VIX traded above 50 and those days were in 2008 and 2009.
The VIX traded above 50 in the early session and then it pulled back. Stutland sees that as a capitulation, but he might consider buying on Tuesday or next week because there is a lot of panic and people are paying insurance just to get out of this market.
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