that is trader tim biggam of moneyblock. that's a wrap for now. coming up in movies and money, our critic will be here with his list of must-see movies from sundance. from all of us at first business, have a great wednesday.

that is trader tim biggam of trading block. have a good trading day tim. > > you too. thanks angie. that closes out another edition of first business. coming up tomorrow: films likely to get a financial boost ahead of the oscars. from all of us at first business, have a

tim biggam of trading block joins us. tim, i would love to get your thoughts on the volatility index, the vix. it supposedly is measuring fear in the market, and it seems as though there is none. it is at a 12. this is a very low number. what is this telling you? really i think a lot of complacency out there, certainly given the fact that the market has rallied up almost unabatedly since the beginning of the year with the fiscal cliff resolution. a lot of that might be due to a lot of the bigger players unwinding their protection they had on pre- fiscal cliff, kind of feeling the affects here. but, as a contrarian, i think, given the fact that we are at five-year highs on the s&p 500, five-year lows on the vix, pretty good time. certainly has never been cheaper in that time period to be buying some puts as protection here. > > i have to ask you about this latest call on apple as well. there is an analyst out there who says based on what he is hearing from activations of iphones at verizon, he believes apple could go highe

tim biggam of trading block. > > you bet. thank you angie. that's our show for today. coming up next week, a former derivative trader from jpmorgan will be here spilling secrets about what really happens on the trading floor. from all of us at first business, thank you for watching, and have good weekend!