This Is What It Sounds Like, When Vol. Cries

• Posted by Adam Warner
• on February 26th, 2010

So picture if GOOG was a normal-priced stock, like say 1/10 of here. It would have basically sat at 53 more or less for a month. How pathetic is that? KO has flucuated between 52.5 and 56 over that same time stretch.

But hey, if you squint, GOOG broke below the terminal range yesterday, though it rode the market comeback back near the magical 530 level.

Ran this chart by Steven Place and…..his thought was you sell some put spreads if/when it drifts to the 200 day. Totally agree, especially with his point that the way GOOG is acting it’s going to drift there so slowly it will drive the shorts nuts as well.

GOOG’s not alone in this kind of sideways action. AMZN and MA doing this too as we noted recently. AAPL’s a little better, though not exactly breaking new ground either. Even Greek’s Best Friend, GS, has hovered in the 150′s for the better part of February.

Is it any wonder given all this that the VIX is under pressure?

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