As of 12:35 PM central today, SPX is 2361  +6  and VIX is 13.52  +.65. That is unusual for VIX to increase on an up day, why is it happening?  Because there is unrest in the world and people want some insurance .  With the US bombing the Syrian Air Base last week, and the bombing of the Christian Churches in Egypt, people are a bit nervous. Throw in the fact that the SPX is up about 15% since November, and you can see why folk, especially fund Managers , would want some downside insurance with the VIX, and are willing to pay up. Any Trading Opportunities?  With this Friday a Holiday for the market, I am a little lighter in trades this week. In GOOGL, here is  an pre-Earnings Calendar Play. Buy 1 April 28 Expiration  830 Call  and Sell 1  April 21 Expiration 830 Call . Total Debit $9.55 . I just bought this live at 12:59 pm central today with GOOGL trading at 827.79. Earnings will be the week of Monday April 24. The purpose of this Calendar is to put on a trade that shouldn’t have any Implied Volatility Risk. We are buying the long option […]