Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for February 17th. Well, we look back and we see the Brexit about a year and a half ago. A little over a year ago, we had the surprise results in the U.S. election and now in 2018 in February we had a 3000-point move in the Dow Jones Industrial Average. And of course these three things all have in common is a great influx of volatility into the market. Basically, setting up very large premiums in both puts and calls in stocks and in commodities. While we’re positioned and looking at positions while the volatility index rises like that is not always the most fun, but we are looking at underlining futures prices in crude oil, and in silver, and in gold, and primarily they’re quite close to where they were as the stock market crash began. Of course now the stock market is coming back. It wouldn’t surprise us over the next two to three weeks to see them testing their recent highs yet again. And then we see the volatility ind