So, the post-Brexit VIX was a big meh.
Download Volatility Views 211: Historic VIX Apocalypse
Volatility Review: A look back at the week from a volatility perspective.
VIX Cash: About 15; dramatically lower than anyone predicted, including us.
Options Question of the Week: Where will VIX close on Friday in this first trading week post-#Brexit? #QOTW
- 6%: Above 25
- 13%: 22-24.99
- 22%: 19-21.99
- 59%: Below 19
VVIX: 90:Back below 100, but still elevated.
Russells Weekly Rundown:
- VIX Options: a strong volume week.
- Mon: 593k
- Tues: 661k
- Weds: 788k
- Thurs: 751k
- Total: 6.82m (4.22m Calls, 2.60m Puts)
Volatility Voicemail: Listeners have their say
- Question from Nick: Why does the CBOE disseminate the volatility of a volatility index? VVVIX seems redundant. Is that done so there is a hedging option for VIX traders?
- Question from Albert S.: Is there a mini VIX option? I do not see it listed with my broker.
- Question from VV987: What is up with Voldex? Can I trade it?
- Question from LBrooks: I enjoyed the conversation with the VXUP CEO. I think I agree with your consensus on the product. It is extremely complex. I am not sure adding an additional layer of complexity is the answer. Maybe they should just scrap the whole thing and start again? I personally am very interested in the initial concept – essentially VXX without the roll risk. What are the chances we will see that in the near future?
Crystal Ball: Where will the VIX close?
Last Week:
- Mark L.: 21.50
- Mark S.: 26
- The Ghost of Russell: 12
This Week:
- Mark L.: 19
- Mark S.: 15
- Russell: 18