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Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.

Looking at the implied volatility of the market (after the selloff) are you aware that:

  1. SPY’s implied volatility vs. 30-day realized has ramped back up to a +31% PREMIUM?
  2. Utilities (XLU) implied volatility vs. 30-day realized has ripped to a +65% PREMIUM?
  3. Gold’s (GLD) implied volatility vs. 30-day realized sold off to a -15% DISCOUNT?

That’s right, the beauty of having asymmetry in your long/short portfolio is that not everything is signaling the same thing at the same time.

CHART OF THE DAY: The Beauty of Asymmetry - CoD IV

CHART OF THE DAY: The Beauty of Asymmetry - early look