Weekly Insider (VIX & Lux event days ahead)

Wow. It is raining volatility and people are paying extraordinary prices for umbrellas. With the VIX (a rough volatility index) at 70 today, talk to someone you trust about considering selling volatility (sell out of the money puts to establish positions or cost average down existing positions; or sell out of the money calls where you’d be otherwise happy to sell your shares). See you in Boston in 11 days.