VIX gapped higher this morning and traded as high as 18.14 before backing off, currently trading around 17.00. The strength was enough to temporarily generate a "Buy Pending," in its Intermediate Term Trading Model. If before the close, or on any day this week, VIX can revisit 18 or better, we want to own Sep 20th calls. VIX Buy Pending on a VIX close above 18.00 Best Option Bets: Sep 20th $20C (1.68-1.70) Sep 20th $30C (0.67-0.71) VIX Intermediate Term Trading Model It's been six months since this model last triggered a Buy Signal. That doesn't guarantee a winning trade, but it does mean there is a lot of pent-up energy to the upside when it finally pops. We don't want to miss it. SPY - The Oct 20th $430 puts are still buyable for a deep market dive dive into September-October.
