Volatility is tanking as we head into what's arguably the most important week of this earnings season. This past Thursday, in fact, the VIX notched its lowest settlement of the post-pandemic era and opened below 16 yesterday.
This week, it's entirely possible the volatility index will drop below 14. That's no shot-in-the-dark guess; people aren't buying crash-protecting puts anymore, and volatility is just sort of dying on the vine.
One of the smartest moves you can make at a time like this is to short the VIX via vehicles like UVXY and VXX. I explained how my Money Morning LIVE viewers could do just that during my 10:30 a.m. show.
The volatility trade is certainly a great way to go, but there's really no shortage of ways to cash in in this market right now.
I'm currently looking at three names that seem ripe for big moves, and I've got two trades in mind. Here's what to do...