Welcome back volatility.
Three days off the highs for the S&P 500 and twitter traders are acting like the sky is falling. And maybe it is? But at times like these, I like to look for opportunities to fade what often prove to be short-lived spikes in volatility.
And the best way I know how to do this is to look at sector ETFs and observe the ones displaying the highest relative implied volatilities. [Read more…]