Volatility is low.
That is no state secret. Every talking head from here to Mumbai is discussing the fact that the VIX has been flirting with the single digits.
So while things have been quiet? That doesn’t mean that the opportunities for profit are in any way lessened. Like ‘Cool-Hand-Luke’, you can pull in consistent profits in quiet, low volatility markets as well.
Our Core Program is having an amazing 2017. Just grinding higher and higher. Day after day. Month after month. Which is not really that surprising to us, since that program is running a Sharpe Ratio of 1.29 since 2007.
Yesterday morning, we announced in the StockTwits stream that we were exiting the Target (TGT) trade in our long-short process for a nice profit. Good thing too. Because Target (TGT) proceeded to just dump after we exited the trade.
Oh, and if you’ll remember, we stated that we had been massively long the Q’s. We’re not ones to brag (yes we are) but that seems to be paying off quite well.