On 10/21/10 there were 6,681,344 puts bought, on 10/20/2010 there was 7,372,409 puts bought, in addition on 10/19/2010 7,983,241 puts were bought. There were less calls being purchased also.
The VIX was 20.63, 19.79, and 19.27 respectively. Today was a very volatile day and we are at the top end of a range. Straight up for about a month the market has been with out even catching a breath. Net Flix has just said that the DVD market is partially saturated and that streaming video is the next growth area. Couldn't a small company like www.pandora.com start the same thing very easy. What about BIDU, GOOG, or AAPL, they will want a piece of this revenue also. Being an contriarion is very hard
Everything being equal the market is always right. Why is the VIX going down when volatility was so high today? Do investors not want a premium for their stock when selling these puts?
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