Morning Commentary for Tuesday Mar 2, 2010

I’m a  little late this morning. Sorry.

The market is currently up a little (+0.3%) but I think it’s primed for a sell off today.  Vol is close to the low’s over the last month.  This is not a good time to sell premium.  This is especially true for RUT and OEX.  SPX is a little better.  If we do get the sell off I’m anticipating, vol should be higher tomorrow so premium sellers.. you have been warned not to sell today!

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Tagged as: Morning Commentary