If you missed my debut on CNBC’s Fast Money last Friday, I wanted to share this video link available on CNBC’s website. In this segment we talk about the VIX’s latest strange behavior, what it could mean for the markets (long-term and short), and a few ideas for trading these developments. Take a peek and let me know what you think!

While viewing it, keep in mind that even if during the segment I mentioned some individual stocks, I do so for educational purposes only. TradeKing’s clients are self-directed – we don’t make recommendations, nor do we provide any investment advice. I should also mention that I do not hold or short any of the stocks mentioned.

Regards,
Brian Overby
TradeKing's Options Guy
www.tradeking.com


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Any strategies discussed or securities mentioned, are strictly for illustrative and educational purposes only and are not to be construed as an endorsement, recommendation, or solicitation to buy or sell securities.  While implied volatility represents the consensus of the marketplace as to the future level of stock price volatility or probability of reaching a specific price point there is no guarantee that this forecast will be correct.

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Brian you did great!

I watched it, you're going to be famous!

Whole speed talking!

The guy off camera moving his hand in circles with the wrap it up signal must have been there from the start...lol

You were very lucky Jeff Macke was not on the show. He has the ability to annoy and cut down newbies on the show. He would of said thats nice vixx shmixxx elevator goes up and down and pop eyes has spicy chicken and then he will say your point is. I personally think you did a great job and am thankful you had the good crowd

Brian - great job...
and it takes guts to call V a long...which sorry to say it is NOT :)
http://screencast.com/t/uDoNcmH4vgc

Brian  Well done.

   I caught that! I thought you acquitted yourself admirably. I would have been shaking knowing that DOZENS of people would have been watching me on TV. J/K. Good Job!


~~Weird Uncle Jesse~~

WeirdUncleJ
i think you miscalculated the number of idiots who still have not figured out what CNBC is about :)
Otherwise - nice allusion :)

Brian,
you "asked" us to "let me [you] know what you [we] think!" -- and we DID

And you "telling" us that you did not really give a flying ..... by not even posting polite "thank you"
(unless some disaster struck and if so - my apologies)

May be Big Dog (he IS The Man) can teach some posters good manners (especially "network members" who without replying to a single comment/question just confirm total spamming/soliciting at users' reading time expense)

Respectfully yours
David Dumb Trader A.K.A. DavidDT

David,

Optionsguy has been on the road for the past two weeks and I think is just now getting to his work backlog.  I apologize that he hasn't been around, but look for a follow-up in the next few days after clears out some of his work. 

Regards,
Mike
TradeKing

Well, being on the road for 2 weeks definitely is "qualified small disaster" - my apologies then :)
Just seemed odd not to post any quick message on your own blog having quite a few comments.

Mike, as always, thank you for staying on the top of it all :)

just don't call V "long" :)

It was one sweet short

(here is original "Short suggestion" as of June 10th)

Hello David,

Hindsight is 20/20 – looks like you’re correct - too bad nobody has it before they place the trade.

Fast Money’s theme that day was retailers (WMT and KSS); Visa makes sense if you do/did think the retailers are starting to move merchandise again. Visa is a company that benefits if all the retailers start doing better, including internet-based ones. That may pan out in the longer-term if indeed there is a recover in the economy.  Visa may’ve been swept up by the broader market pullback since the date of the show (which I did say could happen – BS to the bull). There’s a reason veterans tell you never to fight a broader trend.

The approach I take in a wobbly market like this is to buy any stock you like, but don’t buy all of it in one purchase. Hold out some cash in case you are wrong and then be willing and able to buy more, if you still like the stock at a lower price. I prefer to do the “buy more” part via a cash-secured put sell with the strike price below the current market price. That way the proceeds from the put sale partially offset the cost of purchasing the first chunk of stock. Full disclosure, the risk with the cash-secured put is if the stock continues to drop way below the strike before expiration.

Regards,
Brian (Og)

Brian..."hindsight"?

This is what I posted on June 10th (please, pay attention to timestamp - right after midnight)

"Posted June 10, 2009 (12:07AM)
Brian - great job...
and it takes guts to call V a long...which sorry to say it is NOT :)
http://screencast.com/t/uDoNcmH4vgc"

So, when I went short V next morning (June 10th) via long puts - at was "present time" - for me :)

As I recall the question was: "What do you think of V?"
and the answer was "good for few more bucks to upside"
I don't think  that V statement implies "longer term"

That being said - don't get me wrong, I am not picking on you, it is very difficult to make 100% accurate calls, especially under camera pressure (and you handled yourself admirably - kudos to you, plus "BS to the Bull" - it takes integrity to state controversial opinion on TV) - the point I am trying to make - in the future, on TV, it is not safe to answer questions of CNBC Clowns without "most recent info" and research for "THIS particular stock"
I guess you've been trading long enough to know that "correlation" is overrated.

Thank you very much for honest and detailed answer - my hat off to you
I always read your edutorials with great interest
David

P.S. V might be in my portfolio again tomorrow/Monday - this time long @58-60 with stop under 55.70 ( I don't average down, not anymore :)

Great job. Is Karen Finerman as HOT in person as she is on TV? LOL

Nice job!  Now you just have to work that M. Lee connection to get a guest spot on Options Action (or will their sponsor not allow it?)