In which we explore the CDS/VIX Correlation. Plus, Wednesday weeklys. VIX predictions, and more!
Download Volatility Views 194: CDS / VIX Correlation
Volatility Review: VIX got ahead of itself breaking 20 based on bond hedge cost.
Russells Weekly Rundown:
- Wednesday weeklys!
VIX Options:
- Fairly light volume week.
- Thurs: 488k, Weds: 495k, Tues: 409k, Mon: 735k.
- Total 5.55M (3.89M calls, 1.66M puts)
Even more CBOE studies!
Crude Oil:?Recent rumors of supply action driving crude.?Volatility remains on low end of recent elevated range. OIV/OVX – 67.
Gold: GVZ 23.36 (elevated)
Volatility Voicemail: Listener questions and comments:
- Options Question of the Week: No love for more options exchanges – Twitter poll has 60% of respondents saying “Heck no to more exchanges!!!”
- Question from George T. -?What is the longest stretch of backwardation in VIX history?
Crystal Ball: Vol Predictions: Russell – higher than everybody – above 25. Mark S. – low 20s. Mark L. – 23