The SPX has blown up higher and is now closer to 2100 than 2000, but VIX is firm- holding above 13.5, even in a somewhat low realized vol environment.
SPX Vol Continues to Be Firm
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A New VIX Cycle
As option mentors we do a lot of teaching on VIX. When explaining the VIX one thing we like to discuss vol cycles.
Options on an Options Exchange?
The CBOE is at an all time high. As I stated multiple times in the last few months, for those who might be afraid of things like VIX or even ‘options’ stock on CBOE itself can be a hedge on the market.
VIX and VIX Futures Could Break Coorelation
I do not think yesterday was the beginning of the end.
Guess the Volatility Chart
It’s time to play guess that vol chart!
Don’t Hold VXX to Track VIX EX# 1000505
Just about every source has written about how, the VXX is what we thought it was: a good way to day trade volatility and a terrible vehicle for tracking the VIX.
SPX HV Near Historic Lows
The sad thing is, that this might be the beginning or the end, we just don’t know.
Is the SDEX Predictive?
The FOMC is probably going to continue to exit their bond buying routine and let the economy stand on its own.
FX Vol Finally Floored?
Last week when the ECB made its rate and monetary announcements, FX option vols got completely crushed.
FXE Vol Pointing Toward a Move
Over the last 6 months I am not sure if there has been a product that has seen its IV get smooshed more than that FXE.
Term Structure Is Starting to Break
The Fed surprised no one and is continuing to taper out of their bond buying program.
AAPL Says, “Take That Straddle Sellers”
This is why we don’t sell cheap straddles