Moving to other sectors, the Brazil , EWZ continues to be hot premium selling wise, with an implied rank of 72. A couple of issues in the oil and gas space follow closely behind in the 70+ club ( UNG (implied vol rank 72); RIG (71)); with several gold plays remaining in the 60s ( GDXJ , GDX , GG ).
From there, in individual underlyings and/or ETF's slips off somewhat dramatically, with only a few in the 50-60 range (X at 57; ORCL , 57 (one of this season's last plays); CAT, 55 ( afterglo vol); and GLD , 52; with the remainder of most highly liquid, options playable issues slipping below 50 thereafter.
Given the fact that I'm in a gold play, in EWZ , and have exposure to oil , I don't see myself putting on a heckuvalot of new trades next week. That's not all bad; these little lulls make for a good time to do housekeeping on the various messes I created during the last wave, clean up the plays that didn't work out this past season, and/or dry out powder for the next spike or whatever comes next ... .
Naturally, should VIX spike to plus 25, I'll be right back in it with some new plays to take advantage of that. In the meantime, a cleaning of my trading "garage"/"basement"/"backyard" is overdue.
It ain't sexy, but it's gotta be done some time.