VIX soars in market rout

http://www.marketwatch.com/story/fear-index-jumps-over-60-in-market-din-2010-05-06

Anybody remember this blog on the VIX I wrote in late March?

http://gregnguyen.blogspot.com/2010/03/boring-markets.html

Or how about this one back in September, 2009?

http://gregnguyen.blogspot.com/2009/09/gold-chart.html

Boring markets

The foreign currency, equities, and commodities markets have been in a trading range lately, with reduced volatility (the VIX is below 17, at 2-year lows). But with so many potential catalysts for significant moves on the horizon, a long options straddle may be a fruitful strategy.

See sidebar for disclaimers.

Disclosure: no options position.