Today the market declined (SPX 789; INDU 7552) and implied volatility rose (VIX 49).
But no panic. I'm pleased there was no panic – but does that mean complacency still reigns? I note that futures are a bit higher as I type this (8PM Central Time).
At the opening today, I bought in all my short RUT March call spreads, paying $0.25. Even bought (to close) some Aprils @ $0.32.
It feels strange to have only put spreads remaining for March expiration when it's more than four weeks in the future.
I'm anxious to see what tomorrow brings.