The 11-12 area has done very well for us, as price tends to depart from that point after a matter of usually 7 trading days.
Over the years we have seen moments in which the markets reach new highs or hover on the high end of their range.
The VIX is a measure of volatility and when its low fear is also low because investors are not being cautious. We see this as a moment to sell the market, and capitalize on a lowly priced volatility trade.
Buy low and sell high............ but this time Volatility is cheap.
This trade is big enough to put on those types of gains ($13,085) and in less than a month.
For every 3 points in risk we are returning 12 points in reward. This is in the first phase of working, and it is on the verge of finally breaking out.