at Benzinga.com (Jan 8, 2015)
Perceptions what is "low" on the VIX (VXX) are skewed by the financial crisis, writes Adam...
Perceptions what is "low" on the VIX (VXX) are skewed by the financial crisis, writes Adam Warner. Prior to 2008, a VIX above 30 for any length of time was unheard of, and a level in the teens was the norm for years on end. This doesn't mean options aren't cheap at these levels - they are, and replacing stock winners with calls at these prices wouldn't be a horrible strategy.
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