Volatility collapsed after French election yielding another win

Sunday was the French election, which the markets liked. The S&P futures market was up sharply starting yesterday on the news that Marine Le Pen is probably not going to win.

Instead, this guy, Macron, is in first place and almost every other party in France has pledged to support him to beat Le Pen.

He's a former finance guy who won't blow up the EU. So the market is happy.

How this affected the trade I'm doing: it's a credit spread that benefits by lowered volatility. The volatility crashed this morning, letting me get out of the April 10 trade for an 11.1% gain. The chart now:

Trade Date	Symbol	Result	Profit/Loss	Comment
02/06/2017	SPY	Lost	-18%
02/13/2017	SPY	Lost	-16%
02/21/2017	SPY	Won	+15.4%
02/27/2017	SPY	Won	+17%
03/06/2017	SPY	Won	+15.3%
03/13/2017	SPY	Won	+12.9%
03/20/2017	TLT	Lost	-1.4%	Dumb!
03/27/2017	SPY	Won	+9.6%
04/03/2017	SPY	Won	+6.6%	18 days long
04/10/2017	SPY	Open	+11.1%	only 14 days!
04/17/2017	SPY	Open

That's back up to 70% winners; 80% if you don't count the small dumb loss from 3/20.

Ordinarily I would have put on another trade this morning, but I am waiting until tomorrow to see if we can get a little higher volatility going.