Did everyone get in on the binary options trade of the VIX / S&P inverse relationship? Man what a breakout day today!
It's been a long day listening to all the Goldman Sachs testimony but the market largely seems to have ignored it, giving GS Stock a boost. On the other hand Greek debt contagion seems to be what is moving the market sharply downward.
If you are on the short side / bearish stance then today was a good day after waiting for the market to figure out what the world looks like without the rose colored glasses.
Disclosure: No positions net
Binary Options - Trading the VIX Breakout
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